Honda cuts 07/08 global sales goal to 3.935 mln cars

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TOKYO, Oct 25 (Reuters) Honda Motor Co said on Thursday it now expects its global sales for the 2007/08 business year to total 3.935 million cars, down slightly from its previous forecast of 3.96 million.

Sales in North America are expected to come to 1.855 million units, up slightly from 1.85 million, and 625,000 units in Japan, instead of the previous projection of 660,000.

Japan's second-biggest automaker also said it is now assuming an average dollar rate of 116 yen and euro rate of 155 yen during the business year to March 2008. Its assumed euro/yen rate was unchanged, but its dollar/yen estimation was down from 117 yen it forecast three months ago.


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