Honda

Honda's profits slide

Honda said its profit in the second quarter - July to September- fell 6.7% from a year earlier to 196.5 billion yen (£1.4bn) as vehicle and motorcycle sales slipped.

The Tokyo-based car maker reduced full-year after-tax profit forecast for the year through to March 2020 to 575 billion yen (£4bn), down from 645 billion yen (£4.6 billion) estimate in August.

In the previous financial year it reported profits of the 610 billion yen (£4.3bn).

'Whole Swindon plant could go under'

BBC Radio 5 Live

Honda Logistics sign
BBC

More than 1,000 jobs could be at risk at a firm that delivers parts to Honda's Swindon factory.

The Japanese car maker said earlier this year it would close the plant in 2021.

And David Bailey, professor of industrial strategy at Birmingham Business School, says the prospect of finding another company to take on the factory that supplies the plant could be tough.

"The car industry itself is under such stress that volumes are being reduced," he told Wake Up to Money.

"At the very best there's likely to be very significant job losses and it sounds like the whole operation could go under."

"Brexit uncertainty makes getting that investment into the UK in the new technologies even more difficult."