The Traderszone Network

Published in TZ Latest News 9 July, 2015 by The TZ Newswire Staff

Honda CEO: Sees slight sales decline in China amid economy, market jitters

Honda Motor Co’s chief executive said the Japanese automaker has seen a dip in China sales compared to last year amid jitters about the country’s economy and financial markets, but still expects growth over the full fiscal year. “Recently stocks in Shanghai have basically plummeted…(Honda’s) sales also seem to be declining slightly,” newly appointed CEO Takahiro Hachigo told reporters on Thursday. “I think this year’s car sales (in China) will top last year’s,” said Hachigo, adding the Chinese auto market, the world’s biggest, still has potential to grow much more.