Honda Cuts Annual Profit Forecast as Chinese Shun Japanese Cars

Honda Cuts Annual Profit Forecast as Chinese Shun Japanese Cars

Qilai Shen/Bloomberg

China sales at Honda tumbled 40 percent in September to a 16-month low and plunged 49 percent, the most in a decade, at Toyota Motor Corp. as the Japanese government’s purchase of a group of islands claimed by both countries triggered violent demonstrations.