Its Wuhan plants shut, Honda reports quarterly profit drop

Japanese automaker Honda reported Friday a nearly 31% dive in its October-December profit as strong demand for its motorcycles failed…

Japanese automaker Honda reported Friday a nearly 31% dive in its October-December profit as strong demand for its motorcycles failed to make up for falling vehicles sales.

Honda Motor Co. reported quarterly profit of 116.4 billion yen ($1.1 billion), down from 168 billion yen the same period the previous year.

Sales for the three months slipped 6% to 3.7 trillion yen ($34 billion).

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