Investors Loose Faith In Yamaha Motorcycles, Stock Plunge |
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File under Yamaha
Author: Mike Werner
Location: Normandy, France
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Despite announcing a (small) profit for 2010 (219 million US$), after a loss in 2009, the investors lost faith in Yamaha  Motorcycles. Yamaha had announced their outlook for 2011, expecting a rise of 9.3% in net profit for 2011, but it's not enough for the investors.
Yamaha share price plunged 10.55% today at the Tokyo stock exchange. Despite a strong presence in Asia, North America is the key.
It can't be easy for the Japanese motorcycle manufacturer. Loosing a top name rider like Rossi, loosing market share in the USA and Europe, and now taking a hit at home.
Via: Capital FM
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