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Just as with Brexit and the Clinton presidential campaign, pundits and analysts misjudged U.S. car buyers.
The IEA sees gasoline demand halting over the next 25 years, but U.S. refiners could balance the global gasoline market.
Operating profit margin improves to 8.5% on constant currency basis.
Mazda and Nintendo have cut outlook based on a strong yen, while Hitachi and Honda stay strong.