Tepid sales, a barrage of recall cost and a weak Europe beat profits at Honda Motor Co. within the latest quarter, forcing the auto manufacturer to pine for its main targets for full-year earnings and unit sales.Asia’s regional in operation profit, meanwhile, surged 31 % to 70.7 billion yen ($591.0 million) within the quarter. Honda's European operations swung to Associate in Nursing in operation loss of 5.7 billion yen ($47.6 million) within the quarter, from an operation profit of 14.9 billion yen ($124.6 million) a year earlier. Wanting ahead, the auto manufacturer expects sales to extend 6.7 % to 4.655 million vehicles worldwide within the year to March 31, 2016. That's up from the 4.364 million it sold-out last fiscal year.
Source: Autobei
No comments:
Post a Comment