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Auto News Articles - Stronger yen hits Honda profits
News Article
Stronger yen hits Honda profits
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Source: Motoring
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Date:4/30/2008
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Source Link: Click Here |
Honda expects net profit to tumble 18.3 percent in the 2008 fiscal year due to a stronger yen, a US economic slowdown and higher raw material costs. The gloomy outlook came as Japan's second largest automaker reported a 1.3 percent increase in profit for the financial year just ended - the first rise in two years.
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