Honda Posts 0.2% Drop in Earnings
From Associated Press
Honda Motor Co. said its group profit for the October-December quarter shrank 0.2% from a year earlier as the stronger yen crimped earnings despite upbeat sales.
The automaker said net income for its fiscal third quarter ended Dec. 31 totaled 150.76 billion yen, or $1.46 billion, down from 151.05 billion yen a year earlier. Sales rose 7.1% to 2.13 trillion yen, or $20.68 billion, for the quarter.
The number of vehicles sold in North America, meanwhile, fell 4% to 403,000 as the company sold fewer of its Accord models.
