Honda, Japan’s second-largest automaker, is going through a rough patch. With its fiscal year complete, the fourth-quarter figures painted a grim picture as operating profit plunged 76 percent, compounding a run of other unwelcome financial news.
Such a dramatic decline signals serious headwinds for a company long regarded as a model of stability. The disappointing results suggest Honda faces real challenges ahead as it works to steady its finances and regain momentum.
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