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Honda cuts profit forecast

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12-18-2008, 05:29 AM	#1 (permalink)
jgessling Senior Member Join Date: Sep 2005 Location: 90% Lagos, Nigeria, 10% Bay Area, CA Posts: 101	Honda cuts profit forecast saw this article released yesterday: http://uk.reuters.com/article/companyNe ... 8T20081217 "Honda had been expected to weather the storm better than other global automakers thanks to its fuel-efficient fleet, but demand for cars has shrunk indiscriminately since the Lehman shock of September, piling up inventory despite production cuts." Also Honda getting out of Formula 1 racing. Too expensive and they hadn't done well anyway. Can you imagine an average F1 team has about 1,000 employees? I guess since Honda supplies all the engines for IRL they're still there. IRL info here: http://www.indystar.com/article/2008120 ... 2/SPORTS01 Regards, Jim '01 #191

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