Honda Joins the Rivals Predicting Challenges Ahead for Auto Industry

Honda has joined the list of automakers predicting the challenges ahead for the auto industry in the wake of a global trade war -- through a weaker yen is helping the Japanese brand weather some of the storm.

The Japanese automaker on Thursday lowered its revenue forecast for the fiscal year as it shaved 75,000 vehicles off its sales projection for North America. The company has cited the flood at a plant in Mexico. Still, Honda raised its full-year earnings projection slightly lower, supported by a lower yen.

Honda has catted down its full-year revenue forecast to 15.45 yen from 15.6 trillion yen.