( ) -q-16- UNDATED (Correspondent Jeremy House) “where production recovered.” Honda says its April-to-June profit more than doubled on healthy sales of its motorcycles and cars. [CutID: <Cuts> HONDA-PROFIT-house-q-WEDam.mp3 Time: 16s Title: HONDA-PROFIT-house-q-WEDam Out-cue: where production recovered] TAG: Correspondent Jeremy House reporting. Automakers around the world were slammed by supply shortages because of production delays […]
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Profit at Japan’s Honda doubles on healthy global auto and motorcycle sales
( ) -q-16- UNDATED (Correspondent Jeremy House) “where production recovered.”
Honda says its April-to-June profit more than doubled on healthy sales of its motorcycles and cars.
[CutID: <Cuts> HONDA-PROFIT-house-q-WEDam.mp3
Time: 16s
Title: HONDA-PROFIT-house-q-WEDam
Out-cue: where production recovered]
TAG: Correspondent Jeremy House reporting. Automakers around the world were slammed by supply shortages because of production delays related to social restrictions caused by the COVID-19 pandemic. But such restrictions have eased. Honda stuck to its full year projection of an 800 billion yen, or $5.6 billion, profit.
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VERBATIM: The Japanese company also received a perk from favorable exchange rates. Honda’s profit totaled $2.5 billion, up from one billion dollars. Quarterly sales jumped 21%. Profitability improved, especially in North America, where production recovered.