Mexican Media Brands
Honda’s Revenue, Profits Fall
Unfavorable exchange rates cut Honda Motor Co.’s revenue in April-June 6% to 3.5 trillion yen ($35 billion). Net profit was hurt by higher taxes, dropping 6% to 175 trillion yen ($1.7 billion) from the same period last year.
#economics
Share
Unfavorable exchange rates cut Honda Motor Co.’s revenue in April-June 6% to 3.5 trillion yen ($35 billion). Net profit was hurt by higher taxes, dropping 6% to 175 trillion yen ($1.7 billion) from the same period last year.
The company’s worldwide vehicle sales during the fiscal first quarter rose by 20,000 units to 888,000 cars and trucks.
Consolidated operating profit rose 12% to 267 billion yen (€2.6 billion), as cost cutting and a more profitable sales mix offset recall costs, production disruptions and currency rates. Honda left its outlook for the full fiscal year unchanged.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.