Yen, U.S. slump to put brakes on Japan auto growth

Newswire

By Nobuhiro Kubo and Nathan Layne TOKYO, March 25 (Reuters) - The seemingly unstoppable profit machine that is the Japanese auto industry is about to come to a grinding halt. The sector, led by Toyota Motor Co , Nissan Motor Corp and Honda Motor Co , has managed to grow profits for seven straight years by expanding sales in overseas markets and steadily cutting production costs. But a slide in profits looks increasingly likely in the next business year from April due to a slowing U.S. ...

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