Honda And Nissan Announce Surprise Profits

Major Japanese carmakers have revealed shock profits in their financial results for the first quarter of the financial year. Honda Motor and Nissan Motor have both reported operating profits for the three months ending June 30, contrary to consensus forecasts for losses. But the results still show the Japanese brands have been hit by the ongoing global slowdown, particularly in North America, as well as the strength of the yen, which is eroding the competitiveness of

To read the full article, please choose one of the following options: