WWJ 950'S THAW RADIOTHON: CALL 888-579-4950 NOW | LIVE UPDATES | BID IN THE ONLINE AUCTION  

Honda Sales Plummet Nearly 40 Percent

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

More From CBS Detroit

Daily J
Valenti and Foster

Watch & Listen