Honda sees China business impact until February holidays
TOKYO (Reuters) - Honda Motor Co (7267.T) expects production cuts to continue in China until the second half of November, after sales plunged in mid-September in the world's biggest auto market amid a territorial row between Japan and China, a senior executive said on Monday.
Production in China is likely to start recovering after that period, as Honda expects growing vehicle demand ahead of and around a Chinese holiday season in February, Executive Vice President Tetsuo Iwamura told a news conference.
Honda cuts its forecast of sales in China in calendar 2012 to 620,000 vehicles from its previous forecast of 750,000.
- Islamic State video purports to show beheading of UK hostage David Haines |
- North Korea sentences U.S. citizen Matthew Miller to six years hard labor |
- Scots independence battle reaches fever pitch on streets and screens |
- UK's Cameron resists calls for air strikes despite hostage killing |
- NATO countries have begun arms deliveries to Ukraine: defense minister |