×

Honda reports profit drop as sales slip

TOKYO (AP) — Honda has 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.

Honda Motor Co. reported Friday fiscal second quarter profit totaled 196.5 billion yen ($1.8 billion), down from 210.7 billion yen the previous year.

Quarterly sales declined 2.9% to 3.7 trillion yen ($34 billion) as auto sales declined in the U.S., Japan, the rest of Asia and Europe.