Tire Business staff report
Tokyo – Yokohama Rubber Co. Ltd. (YRC) has again lowered its sales and earnings projections for the fiscal year ending 31 March, citing a â€œworse than expectedâ€ deterioration in world demand.
YRC expects its net loss to hit $82 million (Euro 61 million), or roughly 12.5 percent worse than the loss projected in late January. By contrast, YRC reported $185 million in net income in fiscal 2008.
Operating income is projected at $118 million or 18 percent lower than the late January…