Honda's Profits Down

[dollardaze]

It seems that it's not just the Big 3 automakers in the U.S. that are in trouble, with big drop in revenues due to our economy and the gas guzzlers that were mainly made in those plants.

Honda is also predicting much lower profits this year, as people aren't even buying the more fuel efficient cars that Honda produces. Honda has predicted that profits will be down as much as 64% for the year ending on March 31.