Honda profits shrink to four-year low, coronavirus clouds outlook

📆 5/12/2020 1:49 PM
📰 Reuters

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Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current year because of uncertainty about the longer-term impact of the coronavirus on global car demand.

FILE PHOTO: The logo of Honda is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy

Honda and other global automakers have begun gradually to resume operations at their vehicle plants, but face weak demand as job losses and concern about a global economic downturn weigh on consumer spending.

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How many layoffs at their factories so far?

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