The Detroit News reports that:
Honda Motor Co. stunned investors Wednesday when it revealed at its traditional year-end news conference that it expected to lose around $1.3 billion in the second half of the year, a period that coincided with the collapse of the U.S. auto market.
Meanwhile, analysts said Toyota “is highly likely to report operating losses during the second half of the current fiscal year” and will remain under pressure in the next year.
Once again, I’m looking to the Republicans to explain how this is the UAW’s fault.
