Honda Motor Co. quarterly profit dropped 38%
A couple of days ago, Honda Motor Co. announced its quarterly profit dropped 38% due to a fall in car production following last month's earthquake and withheld earnings projections amid a chronic shortage of auto parts.
Tokyo, July 29 Honda Motor Co saw its net profit plunge 95.6 percent to 7.56 billion yen in the April-to-June quarter because of a global decline in auto sales, the Japanese carmaker said Wednesday.