TOKYO (WWJ/AP) – Japanese automaker Honda reporting a nearly 40 percent drop in quarterly profit, hit by a strong yen and fading sales in Japan.

The automaker says its October-December profit totaled 81.1 billion yen ($989 million), down from 134.6 billion yen the year before.

 Quarterly sales slipped nearly 6 percent to 2.11 trillion yen ($25.7 billion).

 A strong yen hurt Honda’s overseas earnings and the end of so-called “green car incentives” hampered vehicle sales in Japan.

Comments (3)
  1. Dave says:

    Looks like the headline writer does not know the difference between sales and profits. Scary!

    1. OrionF says:

      OMG. Yeah…that headline is a joke….the embarrassing result of letting interns near the computers to write news stories. Gotta keep ’em emptying trash and sweeping floors I spec.

  2. Dan says:

    Well, I’m confused…. Yen and dollars…. profits and sales. So what does it all really mean :-)

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