'Record profits' expected for Honda

Honda announces its full year results this morning after a turbulent year for the Japanese car maker.

Weak European demand has meant job cuts and a slow down in production at it's main plant in Swindon but other factors have meant analysts are expecting a bumper increase in profits.

Professor David Bailey from Coventry University Business School told BBC Radio 5 live's Wake up to Money that "the biggest cost they will face over the next year is the cost of expansion".