business

Honda sinks deeper into quarterly losses

4 Comments
By YURI KAGEYAMA

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4 Comments
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Honda sinks into a negative cash flow? No worries. They will beg the Japanese Government for money and bingo! They will be fine. Now, if a citizen such as you or me begs the Japanese Government for a large cash bailout, you might have to wait a long time and then get a face mask that may cover your nose and mouth.

3 ( +4 / -1 )

Heavy industries, aircraft, auto makers are essential for nations and will always receive government support to avoid complete collapse. This is common sense and has been repeated historically. Won't be any different this time around. But i the meantime those holding stocks in these companies whether individually or as funds can expect some major losses until it turns around way down the road.

-3 ( +2 / -5 )

After the Covid-19 economic depression, I bet most of the Japanese automobile companies will be sold for European and American investors. France already controlled a majority stake in Nissan and Mitsubishi Motors. Honda also has 37.99% of foreign investors, it is likely that foreign investors will buy the rest when it is cheap.

2 ( +3 / -1 )

If a business is failing...it should fail.

Management has proved its inability. Don't see why my tax should support inadequate people they can work at the convenience store for ¥800 an hour. We are all better off.

3 ( +3 / -0 )

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