Honda, Toyota and Porsche have each suffered from sliding car sales as the auto industry downturn worsens.

Honda, Toyota and Porsche have each suffered from sliding car sales as the auto industry downturn worsens.

DAVOS, Switzerland, Jan 31 (Reuters) - India's Hero Honda Motors Ltd expects sales to continue to grow in the 2009/10 fiscal year, in spite of a tough economic and financing environment, its chief executive said on Saturday. Hero Honda, 26-percent owned by Japan's Honda Motor Co , expects revenue growth to slow in the fourth quarter of the 2008/09 fiscal year, from 11 percent in April-December ...

DAVOS, Switzerland, Jan 31 (Reuters) - India's Hero Honda Motors Ltd expects sales to continue to grow in the 2009/10 fiscal year, in spite of a tough economic and financing environment, its chief executive said on Saturday.

DAVOS, Switzerland, Jan 31 (Reuters) - India's Hero Honda Motors Ltd expects sales to continue to grow in the 2009/10 fiscal year, in spite of a tough economic and financing environment, its chief executive said on Saturday.

Honda, Toyota and Porsche have each suffered from sliding car sales as the auto industry downturn worsens.

Honda Motor Co. slashed its annual profit target by more than half yesterday as profit tumbled 90 per cent in the latest quarter, hit by rising costs, a stronger yen and falling sales in key markets.

A man looks at Honda vehicles parked at the Honda Motor Company headquarters in Tokyo. Honda Motor Co. lowered its annual profit forecasts for a fourth time this year, while rival Toyota Motor Corp.'s losses are growing as sliding global car sales force the industry to cut production further.

Honda Canada is proposing to settle three class-action lawsuits with the owners of about 900,000 vehicles over allegations of inaccurate odometers that overstate mileage.

Mel Rapton Honda will open Monday at its new site at 3630 Fulton Ave., the former home of the Sacramento Trapshooting Club. The new site is about 1.5 miles north of its old location. While much of the nation is watching Sunday's Super Bowl, the staff of Mel Rapton Honda will be putting the finishing touches on its own big event – a weekend move into lavish new digs along the Capital ...