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Companies

Honda cuts profit outlook to 4-year low; unveils $915m buyback

Weakness in North America and India blamed amid quality struggles

Declining profits at Japan's third-largest automaker are hampering its ability to invest in new technologies.   © Reuters

TOKYO (Reuters) -- Honda Motor Co slashed its annual profit and global sales outlook to a four-year low, citing a firmer yen and bleak business in both India and its main market of North America, even as it unveiled plans to buy back $915 million shares.

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