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Old 12-18-2008, 05:29 AM   #1 (permalink)
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Join Date: Sep 2005
Location: 90% Lagos, Nigeria, 10% Bay Area, CA
Posts: 101
Default Honda cuts profit forecast

saw this article released yesterday: ... 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: ... 2/SPORTS01

Regards, Jim
'01 #191
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