Honda forecasts 10.3% fall in net profit amid chip crunch

Business May 14, 2021

Honda forecasts 10.3% fall in net profit amid chip crunch

Honda Motor Co. on Friday forecast a 10.3% drop in net profit to ¥590 billion ($5.4 billion) in the current business year through next March amid uncertainty over semiconductor supplies and surging material costs. Honda's cautious outlook came after record car sales in China and ...