The story appears on

Page A11

August 1, 2018

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Auto

Honda profits jump 17.8%

Honda Motor Co profits jumped 17.8 percent in the latest quarter, driven by strong auto sales in North America and motorcycle sales in Asia, the company said yesterday.

The Japanese automaker reported profits of 244.3 billion yen (US$2.2 billion) in the April-June quarter, up from 207.3 billion yen last year. Sales rose 8.4 percent to 4.0 trillion yen.

Honda sold 518,000 vehicles in North America, an increase of 7.7 percent, boosted by higher sales of the Honda Pilot midsize SUV. Globally, auto sales rose 3 percent to 1.3 million.

Growth in Indonesia, India and Vietnam drove up total motorcycle sales 13.9 percent to 5.35 million units. By volume, Asia accounts for 90 percent of Honda’s motorcycle sales.

Profits rose despite the negative impact of exchange rates and damage from river flooding that has forced suspension of production at a factory in Mexico since late last June. Honda raised its profit forecast by 8 percent for the year ending next March 31 to 615 billion yen.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend