Photo: toyotainbusiness.com
When we say that Toyota and Honda just can’t seem to catch a brake, we mean it, because both have been forced to scrap their original earnings forecast for the year, as the Thai floods have put the final nail in the coffin of their bottom line.
According to Bloomberg, both Asian carmakers need more time to properly gage the damage caused and to assess what the financial bottom line will look like at the end of it all. The damage is affecting supply of brand new vehicles, like the European Civic hatch and North American Civic sedan, while it stands a good chance of delaying the arrival of the brand new CR-V crossover.
Both Honda and Toyota sold fewer vehicles in October’s US market, despite the strong rebound seen by other domestic and foreign manufacturers. Recent reports say the two companies will be affected far into 2012.
Both Honda and Toyota sold fewer vehicles in October’s US market, despite the strong rebound seen by other domestic and foreign manufacturers. Recent reports say the two companies will be affected far into 2012.
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