Takeo Fukui’s speech this week was a bit on the gloomy side as the company adjusted its profit forecast by 67% in the wrong direction. Slumping auto sales and a sagging U.S. dollar were the main factors for Honda’s third profit forecast cut this year.
But Honda’s take on the motorcycle industry was much more positive (at least, if you overlook the status of its American road racing team). Two-wheeled Hondas are picking up the slack from their four-wheeled cousins.
Continue Reading »