Honda cuts sales forecast as recalls delay new model roll-outs

Honda Motor Co Ltd has trimmed its full-year sales forecast citing "tough" competition in Japan and China as well as the impact of recalls on new-model development, but said a weak yen would help it maintain its operating profit goal. The results came on the day Honda was named as a defendant in a proposed class-action lawsuit over recalls of vehicles with air bags made by Takata Corp (7312.T) that have been linked to four deaths, all in Honda cars. Honda said it had not received the lawsuit and therefore could not comment. Honda has also been struck by five separate recalls for the same car - the hybrid version of its Fit subcompact - in just a year since its launch.

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