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The Independent UK
The Independent UK
National
Yuri Kageyama

Japanese automaker Honda reports lower profits as China sales decline

Japan Earns Honda - (Copyright 2022 The Associated Press. All rights reserved)

Honda’s profits slipped nearly 20% in the first half of the fiscal year from the same period the previous year, as sales suffered in China, the Japanese automaker said Wednesday.

Honda Motor Co.’s April-September profits totaled 494.68 billion yen ($3.2 billion), declining from 616 billion yen for the same period the previous year, on 10.8 trillion yen ($70.5 billion) in sales, up from 9.6 trillion yen.

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