Monitoring Desk
TOKYO: Japanese car giants Honda and Nissan on Thursday lifted their full-year sales and profit forecasts thanks to brisk sales in global markets and a weaker yen.
However, they pointed out that fierce price competition in China was posing a challenge for Japanese automakers.
For the year to March 2024, Honda estimated a net profit of 930 billion yen and 1.2 trillion yen operating profit on sales of 20 trillion yen.
