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Honda forecasts 71% drop in profit

China Daily | Updated: 2009-04-29 07:47

Honda forecasts 71% drop in profit

Honda Motor Co President Takeo Fukui is surrounded by the media following the company's launch of the revamped Accord sedan, in Tokyo on Dec 4, 2008. Bloomberg News

Honda Motor Co, Japan's second-largest carmaker, forecast profit will drop 71 percent this fiscal year as the global recession and tighter credit cripples demand for cars.

Honda forecasts 71% drop in profit

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