Honda Forecasts Profit Recovery After First Ever Annual Loss

Honda Motor Co. forecast a rebound in operating profit for the current fiscal year, even after an ill-timed bet on electric vehicles led to a writedown and a record loss.

By Nicholas Takahashi · Bloomberg

Honda Motor Co. forecast a rebound in operating profit for the current fiscal year, even after an ill-timed bet on electric vehicles led to a writedown and a record loss.