Automotive News reports Honda has slashed its net profit forecast by 20 percent following poor sales in China. Like other Japanese manufacturers, Honda sales suffered at the hands of anti-Japanese sentiment in China following a territorial dispute between the two nations. All told, Honda sales fell off by 40.5 percent last month alone in the People's Republic. As a result, the company has cut production at its two largest Chinese manufacturing facilities to just one shift. Even so, the automaker says it still plans to move forward with an $880 million investment to expand manufacturing at its Guangzhou and Wuhan plants over the next few years.

Meanwhile, Toyota and Nissan are expected to adjust their profit forecasts shortly. Other automakers have been quick to take up the slack left by their Japanese rivals, with Hyundai, BMW and Volkswagen claiming more market share. Automotive News reports the turbulence between China and Japan could extend into the fourth quarter.


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    • 1 Second Ago
  • 12 Comments
      • 2 Years Ago
      [blocked]
        scion_tc
        • 2 Years Ago
        You really are ignorant. Keep spewing your lies. The Japanese market is MORE open than the USA market. Problem is, you UAW thugs don't build anything they want to buy in Japan. So suckit!
        uption
        • 2 Years Ago
        lol, lots of Jap lovers on this site.
        GR
        • 2 Years Ago
        There goes Rick with his lists again. He must like numbers and rankings, but cares little to understand beyond that.
      • 2 Years Ago
      [blocked]
      Mercer
      • 2 Years Ago
      With the ongoing Islands dispute, I seriously doubt that any rebounds will be possible in short term.
        dukeisduke
        • 2 Years Ago
        @Mercer
        With the Chinese beating drums and rattling sabers, there won't a rebound any time soon.
      scion_tc
      • 2 Years Ago
      I see the ignorant UAW shill RICK is back spreading his LIES!
      GR
      • 2 Years Ago
      My understanding is that Japanese businesses like automakers are rather upset at the Japanese government's shortsightedness on the islands dispute. Rightfully so, as everyone from Panasonic to Toyota took a hit when Sino-Japanese relations took a dive after the Japanese government's purchase of the disputed islands. The Japanese government made a small, but largely ignored tension into a full scale boycott and even riot again Japan and its products. Genius. I am hoping the issue gets resolved and the Chinese start buying Japanese products again if they please. Despite Japan's aggression in China during WWII, it appears that many Chinese-Americans prefer Japanese cars. Many of the Asian Americans (bulk of them Chinese Americans) I know in California drive either Japanese brands or German luxury. All are aware of Japan's atrocities in China, Korea, and elsewhere, but when it comes to buying a car over 70 years later, many want the best for their money. The Japanese deliver that for most. Hopefully, the Chinese in China will realize that the best thing in a market is consumer choice. Given that Japanese companies like Honda are also investing in China and providing jobs, it may not be wise to boycott and hate on them forever. That being said, the Japanese company execs need to slap around these pseudo-right wing Japanese politicians. These politicians are idiots that don't even know what is best for Japan's future.
        Dyson Lu
        • 2 Years Ago
        @GR
        I really don't understand why Chinese can't turn the page about WWII. French, Germans, British, Japanese, Americans, etc., did so. Why can't the Chinese? Are they too stuck up and brainwashed by their own government? By the way, their own government and leaders killed more Chinese than Japan ever did. Think about it. (By the way, I am Chinese.)
          GR
          • 2 Years Ago
          @Dyson Lu
          Most Chinese, Koreans, etc. explain that it's because Japan has never formally apologized or recognized the atrocities in Asia committed by the Imperial Japanese Army. Unlike Germany who acknowledged the Holocaust committed by Nazi Germany, the Japanese are rather coy about their war time history in Asia. I believe this is the complaint. I imagine it's hard to forgive and move on when the aggressor dodges its history from an official standpoint. Criticism has also highlighted the fact that Japanese school children are not educated about the atrocities committed in Asia by Japan. Quite frankly, I agree for the most part. I believe the Japanese have not fully addressed this as they should. They are now an anti-war nation, generally, but they haven't adequately addressed what really happened. It's definitely shameful for Japan, but it must be addressed and not ignored otherwise it's like it never happened. That being said, things have started to change, especially in Japanese media. I have seen Korean dramas that collaborated with the Japanese addressing issues like slavery of the Koreans by the Japanese. I also watched a documentary about a Japanese soldier's memoirs on the atrocities committed in China during WWII. The documentary was aired by NHK in Japan which is Japan's national (government-run) broadcast network. Times are changing, but way overdue. (By the way, I am of Japanese descent. I was born and raised in Japan.)
      • 2 Years Ago
      [blocked]