Honda sets charge for unit

Article Abstract:

Honda Motor Co. will take a one-time charge on its troubled European operation because of unfavorable currency swings. The company is also forecasting an operating loss of 50 billion yen ($407.6 million) on its European operation for the year ending March 31, versus a loss of 14 billion yen in 2000. A special loss of 81.56 billion yen will be posted this year because of the losses in Europe.

Europe, Honda Motor Company Ltd.

---

Toyota will buy back stock

Article Abstract:

Japanese auto maker Toyota Motor Corp. will purchase up to $2.1 billion of its own stock by late March in order to avoid share sales of its stock by banks and insurers. Approximately 75 million shares will be bought on the open market and paid for by company profits.

Securities issued, listed, Securities, Toyota Motor Corp., TOYOY

---

Finally, a profit push

Article Abstract:

The Japanese economy is beginning to see a turnaround as electronics and auto companies are showing better-than-expected earnings. Several companies report their profits for the six months ending September 30, 2000.

Other Electrical Equipment and Component Manufacturing, Electronics, Electronic Components and Accessories, Economic aspects, Electronics industry

Similar abstracts:

• Abstracts: Economists urge rate cut. Investment plan faces snags. China recovery rests on old foundation: state spending
• Abstracts: European Telecoms take another hit. Telekom Austria posts loss, but results beat forecasts
• Abstracts: C&W to sell Japan stakes to Vodafone. Taylor Woodrow will buy Bryant for 871.3 million euros. Bryant and Beazer Will Merge to Form One Home Builder
• Abstracts: National Express acquires Durham for 166.1 million euros. Yellow Corp. agrees to buy competitor Roadway. FedEx agrees to purchase rival in $1.2 billion deal
• Abstracts: Bordeaux produces a very rare vintage: a high-tech wizard. Schlumberger buys smart-card unit of Groupe Bull. Ownership change at Bull unit is set for first quarter

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.