Honda has told the Reuters news agency that the global credit crunch will impact motorcycle sales.
Sales could drop in 2009, the company says, though the Asian market appears to have some reliability, and the motorcycle business appears to be in better shape than the car markets.
Honda plants around the world are reducing staff on a temporary basis, though there’s no word on Canadian or U.S. lay-offs.
I could have predicted this before the credit crunch:
First you take away all Honda dealerships is a city of 1 million people (Calgary), then you don’t update any models that anyone would want to buy anyway 😡
It doesn’t take a crystal ball