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Honda Forecasts Low-Level Profits For Fiscal 2012

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Honda Forecasts Low-Level Profits For Fiscal 2012

Business

Honda Forecasts Low-Level Profits For Fiscal 2012

Honda Forecasts Low-Level Profits For Fiscal 2012

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Honda is still having problems recovering from supply chain disruptions after the earthquake and tsunami in Japan last March. It was also the only automaker to have a car factory hit by last year's historic floods in Thailand.

RENEE MONTAGNE, HOST:

NPR's business news starts with Honda hurting.

Honda is still having problems recovering from the disruptions to its supply chain after the earthquake and tsunami in Japan. It was also the only automaker to have a car factory hit by last year's historic floods in Thailand.

Today, Honda is forecasting a worse-than-expected 65 percent drop in profit for its 2012 fiscal year. On top of that, analysts are worried about other challenges facing the company. Last year, Honda's top-selling Civic model was panned in the U.S. after it was remodeled.

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