Honda Motor Co. Japan's Honda Motor Co will cut its full-year forecast for a third time this year due to a soaring yen and plummeting sales as the world economy slows down, reports said Wednesday. Honda Motor will cut temporary jobs at its domestic plants by January end due to weak demand in N America and Europe.
Japan stands ready to assist any Japanese companies seriously hurt by fallout from General Motors' imminent bankruptcy, government officials said on Monday, while brushing off fears of major troubles. Toyota officials reiterated on Thursday that they wished the best for struggling General Motors, and expressed hopes the latest US sales data show an approaching recovery in a key market battered by crushed consumer spending.
Richest Indians Modern Moguls. Honda will meet growing US demand for small cars while maintaining North American jobs by moving production of two bigger models from Canada to the US state of Alabama. Honda introduced on the cheapest hybrid on market, starting at 1. Toyota's mainstay vehicle operations are likely to post their first ever loss for the fiscal year through March , Japanese media reports said Friday, highlighting the dire conditions faced by global automakers.
Honda Motor Co slashed its profit forecast by more than half for this year, its third cut as the global economic crisis takes a heavier toll on the auto industry. Honda expects its global sales will rise 6 per cent this year to a record 3. Honda Motor Co named Takanobu Ito, a research expert with US experience, as its new chief executive on Monday, in an effort to provide fresh leadership to battle a global crisis in the auto industry.
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