Honda s2000

TOKYO (Reuters) - Honda Motor Co (7267.T) on Wednesday forecast a 68% fall in annual operating profit as it anticipates a hit from falling sales as demand for cars has plunged due to the coronavirus pandemic. … [Read more...] about Honda sees 68% drop in annual profit due to coronavirus

Honda Motor Co on Wednesday forecast a 68% decrease in annual operating profit to a 10-year low with global demand for cars expected to slide because of the coronavirus pandemic.The country's No. 3 automaker expects profit to sink to 200 billion yen ($1.89 billion) in the year to end-March 2021, its weakest since the 2010/11 year and undershooting analyst estimates.Honda is bracing for a 6% decrease in annual vehicle sales after a 40% plunge in the June quarter, which resulted in a 113.7 billion yen operating loss.Global automakers are taking a big hit from the coronavirus outbreak, which shuttered vehicle factories this year and has kept customers out of car dealerships.The maker of the CR-V SUV crossover and the Fit compact hatchback expects to sell 4.5 million vehicles this year, versus 4.79 million last year. It predicts a 16% sales slide in North America, a key market where the United States is struggling to control a surge in virus infections."If the current situation continues … [Read more...] about Honda sees 68% drop in annual profit as coronavirus slams car sales

TOKYO: Honda Motor Co upgraded its full-year operating profit forecast on Tuesday by 11.3 percent as the Japanese automaker expects higher motorcycle sales in Asia will offset stagnant vehicle sales, while a weaker yen will also help. The company recovered from a quarterly profit slump a year ago when earnings were hurt by pension accounting changes and litigation settlements. The latest quarter's profit was higher than the average estimate of 164.4 billion yen in a poll of 10 analysts, according to Refinitiv data.The full-year profit upgrade was based on a revised assumption that the yen will trade around 110 yen to the U.S. dollar compared to 107 yen earlier.Despite the upgrade, Honda's profit would be 5.2 percent lower from last year, marking the second consecutive year of easing profits following a record high 840.7 billion yen in the year ended March 2017.Falling annual profits would make it harder for Honda to catch up with its bigger Japanese rivals and other automakers in the … [Read more...] about Honda upgrades annual profit forecast on weaker yen, solid second quarter

Cerumo becomes only the second two-car team in the GT500 ranks after fellow Toyota squad TOM’S (although it should be pointed out the two Michelin-shod Nissans essentially function as a single entity). This has its benefits, but in the same way that Nick Cassidy said the two sides of the TOM’S garage were behaving like separate teams at the Fuji Speedway season opener, both Cerumo crews have also ploughed their own furrows on set-up. … [Read more...] about Why there’s little new about Toyota’s ‘new’ Super GT team

It also includes flexible repayment schemes, where customers can opt for a 50 per cent discount on the first three EMIs, or a special monthly instalment of Rs 5,555. In addition to this, customers can also opt for a two-year loan period with an EMI as low as Rs 8,000, while a three-year tenure attracts an EMI of Rs 6,000. … [Read more...] about Jawa & Jawa Forty Two BS6 Deliveries Begin In India: Here Are All The New Changes