Japanese automaker Honda reports profit drop as sales slip

Honda recorded a 6.7% decline in July-September profit as vehicle and motorcycle sales slipped and an unfavorable exchange rate hurt…

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

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