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Jul 30, 2014
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Honda profit rises but US operations dented
Honda Motor said teething troubles at a new plant in Mexico dented sales and profit in the US market, its biggest, taking the shine off a better-than-expected rise in quarterly profit powered by brisk results in Japan.
US sales by Japan's third-largest automaker dipped 0.8% in the first half. It posted a 6% drop in North American operating profit for the April-June quarter.Overall earnings were buoyant, however, with a 7.1% rise in quarterly operating profit to 198.04 billion yen ($1.9 billion).
Source -
http://www.financialexpress.com
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