DEVELOPING Hurricane Milton strengthens into a Category 5 storm. Florida orders evacuations
Hurricane Milton strengthens into a Category 5 storm off Mexico and threatens Florida, forecasters say.
Japanese automaker Honda lowered its profit and vehicle sales forecasts for the fiscal year, pointing Friday to shortages of computer chips and rising material costs.
Honda Motor Co. recorded a 31% drop in its fiscal second quarter profit, to 166.6 billion yen (US$1.5 billion) from 240.9 billion yen last year.
Quarterly sales slipped 7% to 3.4 trillion yen ($30 billion).
Honda is among many global manufacturers hard hit by a shortage of computer chips due to disruptions related to the pandemic.
Honda Executive Vice President Seiji Kuraishi apologized for the problem.
"We feel so sorry about all those people waiting eagerly for our cars," he said, making a slight bow at a news conference.
Kuraishi said the supply situation was starting to improve, but the recovery in Honda production likely won't come in this fiscal year. Honda plans to rev up production in the next fiscal year to make up for the loss, and the current problems won't hurt investments in future technology such as electric vehicles, he said.
Honda expects a 555 billion yen ($4.9 billion) profit for the fiscal year through March 2022. That's down 16% from the previous fiscal year, and lower than an earlier forecast for a 670 billion yen ($5.9 billion) profit.
Honda, which makes the Accord sedan, Cross Cub 110 motorcycles and Asimo humanoid robots, sold 917,000 vehicles in the July-September period, down from 1.25 million vehicles last year.
Tokyo-based Honda now expects to sell 4.2 million vehicles for the fiscal year through March 2022. It had earlier forecast sales of 4.85 million vehicles. Honda sold 4.5 million vehicles last fiscal year.
Hurricane Milton strengthens into a Category 5 storm off Mexico and threatens Florida, forecasters say.
Scurvy is not just an archaic diagnosis of 18th-century seafarers and doctors should be on the lookout for possible cases, according to researchers following a recent case.
Lawyers representing the Ontario man accused of selling hundreds of suicide kits with deadly effect around the globe have filed to intervene in a case in Canada’s highest court, arguing there is no way he can be charged with murder under Canadian law.
A British doctor on Monday admitted trying to kill his mother's long-term partner, who stood between him and an inheritance, by injecting the man with poison disguised as a COVID-19 vaccine.
Ceremonies, events and protests are being held across Canada today to mark the anniversary of a Hamas attack on Israel that triggered the ongoing war in Gaza.
During the Los Angeles Lakers' preseason game against the Phoenix Suns, LeBron and Bronny James became the first father/son duo to play together on an NBA team.
A man stole a police car and drove it onto the field of an East Vancouver park Sunday morning, placing 'dozens of bystanders in harm’s way,' according to police.
Lawyers for a man who is also under investigation in the 2007 disappearance of British toddler Madeleine McCann called on Monday for him to be acquitted in his trial on charges of unrelated sexual offences.
Christopher Ciccone, a multihyphenate artist, dancer, designer and younger brother of Madonna, has died. He was 63.
A unique form of clouds made an appearance over the skies of Ottawa on Sunday evening.
Bernie Hicks, known as the ‘Batman of Amherst,’ always wanted to sit in a Batmobile until a kind stranger made it happen.
Bubi’s Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.
Weeneebayko Area Health Authority and the Government of Ontario have awarded a $1.8 billion fixed-price contract to design, build and finance a new Far North hospital.
Manitobans are in cleanup mode after intense winds barreled through southern parts of the province this weekend.
Avry Wortman, 13, scored two touchdowns on Sunday during her team's win in the under 14 Greater Moncton Football Association.
A gargantuan gourd – affectionately named ‘Orangina’ by the urban gardeners who grew it in the front yard of their Vancouver home – earned the massive honour of being named B.C.’s heaviest giant pumpkin Saturday.
Chantal Kreviazuk is set to return to Winnipeg to mark a major milestone in her illustrious musical career.
From the beaches of Cannes to the bustling streets of New York City, a new film by a trio of Manitoba directors has toured the international film festival circuit to much pomp and circumstance.