Honda Forecasts Low-Level Profits For Fiscal 2012

Jan 31, 2012
Originally published on January 31, 2012 6:50 am
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RENEE MONTAGNE, HOST:

NPR's business news starts with Honda hurting.

Honda is still having problems recovering from the disruptions to its supply chain after the earthquake and tsunami in Japan. It was also the only automaker to have a car factory hit by last year's historic floods in Thailand.

Today, Honda is forecasting a worse-than-expected 65 percent drop in profit for its 2012 fiscal year. On top of that, analysts are worried about other challenges facing the company. Last year, Honda's top-selling Civic model was panned in the U.S. after it was remodeled. Transcript provided by NPR, Copyright NPR.