Honda cuts forecasts again, Toyota losses to balloon (Reuters)

A man looks at a Honda vehicle parked at the Honda Motor Co company headquarters in Tokyo January 27, 2009. (Yuriko Nakao/Reuters)Reuters – Honda Motor Co (7267.T) lowered its annual profit forecasts for a fourth time this year, while rival Toyota Motor Corp’s (7203.T) losses are growing as sliding global car sales force the industry to cut production further.

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