Part of the drop is a provision they made for a possible tax settlement - they appear to be avoiding taxes on income from China!
Where there is smoke there is fire - how much would you bet that they are probably avoiding taxes in Canada too! All related to higher prices charged in Canada versus the U.S. for the same product. (transfer pricing/costs) Wake-up Revenue Canada!
2008-04-26hondaprofitdrops.pdf
Honda really doesn’t like Canadians, now they have adopted a new policy – no recall letters to Canadians… no soup for you!
refer to this post:
by-robert1-on-tue-apr-22.pdf
Check this post out we just received below. We are also hearing many stories of Canadian dealers selling U.S. Market Audi’s and BMW and MB, that the RIV would consider inadmissible!
Yes! These are the same cars that you and I either can’t bring in to the country or are forced to spend thousands of dollars to modify bumpers… etc..
Continue reading “OK for dealers, but individual Canadians are cut off!”
Here are two good stories today on Car prices.
One from the Hamiltom Spectator, re: Honda prices, titled ” Reader floored by Price Gaps on Honda Vehilcles! ”
2008-03-28hamiltonspec.pdf
We fail to understand the spin that the Honda Public affairs person put on the gap!
- “they are not the same apples to apples Vehicle” !
The American one comes with TPMS and a 2 Litre windshield washer reservoir. The Canadian has a 4 litre windshield washer reservoir and indicator light!
Shame on You Honda! The media should just ask these “spindoctors” to describe in detail the true differences! Honda will never answer this question! Maybe one of our members will track them down and ask the question.
And another in the National Post Titled “Values Plummet”
2008-03-28nationalpost.pdf
Both articles fail to mention or interview dealers or people in the U.S. to find out: Prices are going down there too!!
I just checked Transport Canada & US Transportation web sites - ref. recalls for Honda and Toyota
2008 - Toyota Canada - NO recalls - In USA - Camry has a recall?
2008 - Honda Canada - recalls on FIT and Ridgeline only - In the USA, same as Canada
So Honda is refusing to give a No-recall letter on cars - vans that have NO recalls.
Transport Canada - RIV - please wake up!
Transport Canada recall site - http://www.tc.gc.ca/roadsafety/recalls/
US Government recall site - http://www-odi.nhtsa.dot.gov/recalls/
Check for yourself when you are paying for a recall letter on a car that has NO RECALL
USA HONDA RECALL Canada Honda Recall