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Japanese automaker Honda reports profit drop as sales slip

“Honda Motor Co. reported Friday its fiscal second quarter profit totaled 196.5 billion yen ($1.8 billion), down from 210.7 billion yen the previous year” writes The Associated Press for seattletimes.com. TOKYO (AP) — Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt earnings at the Japanese automaker.The Tokyo-based company lowered its full year profit forecast through March 2020, to 575 billion yen ($5.2 billion) from the 645 billion yen ($5.9 billion) given in August, and below the 610 billion yen earned the previous fiscal year.Nissan Motor Co., a Japanese automaker that has seen its brand power tarnished amid a financial misconduct scandal, reports earnings next week.
 
Source: seattletimes.com



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