Automotive News reports Honda has slashed its net profit forecast by 20 percent following poor sales in China. Like other Japanese manufacturers, Honda sales suffered at the hands of anti-Japanese sentiment in China following a territorial dispute between the two nations. All told, Honda sales fell off by 40.5 percent last month alone in the People's Republic. As a result, the company has cut production at its two largest Chinese manufacturing facilities to just one shift.
Autoblog , Honda cuts year-end forecasts, looking to rebound in China, Honda cuts year-end forecasts, looking to rebound in China
