China’s Jialing Industrial, a long-term Honda motorcycle and power products joint-venture manufacturing partner, has revealed that it will declare a loss for its 2013 financial year due to lower bike production and unit sales, plus negative foreign exchange impacts from export activity.
According to Jialing president Chen Weidong, his Chongqing-based company expects to suffer a net loss of about £24m for the past year, against a net profit of £1.5m in 2012.