Honda slashes profit forecast for 2008
Japanese automaker Honda slashed its profit forecast for the fiscal year today and announced that managers will take a 10% pay cut amid a global downturn in the auto industry.
President Takeo Fukui blamed the revisions on declining demand set off by the US financial crisis and the nose-diving dollar, which […]
VOLKSWAGEN IROC
Comeback of a successful idea: 33 years ago at the international Motor Show in Geneva Volkswagen presented a sensational coupé. It was compact, distinctive, agile, spacious and affordable. Volkswagen called it the Scirocco. The car struck the nerve of the times: More than half a million first generation Sciroccos were produced worldwide. Turning point: […]
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