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Honda Motor Co. surprised analysts yesterday by reporting a 4.3 percent drop in profits for the second quarter. Analysts had actually predicted a similar percentage gain for Japan's third largest automaker. Honda reported that its quarterly net profit was down as a result of finance-related losses, ...
At the Mackinac Policy Conference in Michigan on Thursday, Chrysler president and CEO Tom LaSorda said he plans to call on George W. Bush to confront Japan about an artificially low yen rate that he maintains unfairly allows Japanese automakers up to a $3,000 advantage per vehicle ...