Mexican Media Brands
U.S., Asia Sales Boost Honda’s Results
Honda Motor Co. says cost cutting, coupled with strong sales in Asia and North America, boosted its net profit in July-September 7% to 128 billion yen ($1.1 billion).
#economics
Share
Honda Motor Co. says cost cutting, coupled with strong sales in Asia and North America, boosted its net profit in July-September 7% to 128 billion yen ($1.1 billion).
Quarterly unit deliveries rose 3% to 435,600 vehicles, in part because of demand for the company’s all-new HR-V small crossover. Revenue for the quarter climbed 16% to 3.6 trillion yen ($30 billion).
Honda reiterates it expects a full-fiscal year operating profit of 685 billion yen ($5.7 billion) and a net profit of 525 billion yen ($4.3 billion). The company raised its revenue forecast by 100 billion yen to 14.6 trillion yen ($121 billion).
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.