JAPAN: Honda denies outlook change
Honda Motor has no current plans to change its earnings outlook, its president said on Thursday.
Takeo Fukui made his comments to Reuters in Tokyo after Toyota Motor president Katsuaki Watanabe had said on Wednesday the business environment has deteriorated beyond earlier expectations and predicted the key North American car market would remain slow to the end of next year.
Honda has forecast an operating profit of JPY630bn (US$6.29bn) for its fiscal year to March 2009, below a consensus of a JPY668.4bn profit in a poll of 19 analysts by Reuters Estimates.
Fukui also said Honda did not see any need to change its strategy even if the US dollar falls below JPY100.