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Honda cuts profit, sales outlook to four-year low; unveils $915 million buyback

People are reflected on a Honda Motor car outside the company's headquarters in Tokyo
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TOKYO (Reuters) - Honda Motor Co slashed its annual profit and global sales outlook to a four-year low, citing a firmer yen and bleak business in both India and its main market of North America, even as it unveiled plans to buy back $915 million shares.The dour outlook comes at a time when Honda is struggling to shore up its automobile operations, with its profitability down more than half in the..
Date Published: Nov 08, 2019
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