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Archive Home > 2008 > December > 18 > Honda cuts profit forecast by 64%

Honda cuts profit forecast by 64%


December 18, 2008

HONG KONG — Honda, the Japanese carmaker, on Wednesday issued its third profit warning of the year, the latest sign of the dramatic drop in demand that has hammered the global car industry. Honda lowered its full-year forecast for net profits by 64 percent to 185 billion yen, or $2.08....

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