Japan earthquake hits Honda profits

Car manufacturer Honda has forecast a 65% fall in profits, following the devastating earthquake and tsunami in Japan in March.

Tue, 14 Jun, 2011 - 09:50

Car manufacturer Honda has forecast a 65% fall in operating profits, following the devastating earthquake and tsunami in Japan in March.

Operating profit is expected to decline to 200bn yen (€1.72bn) from last year's 569.7bn yen (€4.9bn).

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