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Old 12 May 2020, 08:00 am
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Default Toyota, Honda profits drop to multi-year lows amid virus stoppages

Filed under: Earnings/Financials,Plants/Manufacturing,Honda,Toyota

Japanese automaker Honda Motor Co. sank deeper into losses for the fiscal quarter that ended in March, as the damage to the industry from the coronavirus outbreak hurt sales and crimped production. Tokyo-based Honda reported Tuesday a January-March loss of 29.5 billion yen ($276 million). Honda, which also makes motorcycles, did not provide forecasts for the current fiscal year because of uncertainties caused by the pandemic.Continue reading Toyota, Honda profits drop to multi-year lows amid virus stoppages

Toyota, Honda profits drop to multi-year lows amid virus stoppages originally appeared on Autoblog on Tue, 12 May 2020 08:35:00 EDT. Please see our terms for use of feeds.

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