Honda posts fiscal fourth quarter loss, larger than Ford’s
Super-awesome-madness Honda Civic!
More proof that the Detroit 3 automakers are not the only ones loosing money: Honda reported a $1.92 billion loss for its fiscal fourth quarter ending in March. Honda sales dropped 42% to $18.4 billion from $31.6 billion. This is also Honda’s first quarterly loss in 15 years. On the heels of this news is word that Toyota will also be posting a loss for the same period.
For its last fiscal quarter, Ford reported a loss of $1.43 billion; which now all of a sudden doesn’t look so bad. Sounds like Ford is on its way to becoming a leaner and more efficient automotive company; good job Ford, and keep it up!
For more information, read the full article at The Wall Street Journal.
Tags: Earnings, Financial Results, Ford, Ford Motor Company, Honda, Honda Motor Company, Quarter Results, Toyota, Toyota Motor Company
2 Responses to “Honda posts fiscal fourth quarter loss, larger than Ford’s”
Leave a Reply
You must be logged in to post a comment.
April 29th, 2009 at 11:16 pm
That image of a Honda made me lol.
May 1st, 2009 at 10:28 am
Dude, that car is no laughing matter! It can do 0-60 in 0.9 seconds and reach an estimated top speed of 1.3 times the speed of light! That’s why it needs all the scoops and huge ass wing in the back!