Honda posts 15% fall in Q2 operating profit, missing forecasts

Quick Summary:

TOKYO: Japan's Honda Motor reported a surprise 15% drop in second-quarter operating profit on Wednesday, missing analysts' expectations as it suffered a heavy sales decline in China.

The company maintained its full-year operating profit forecast of 1.42 trillion yen.

The company suffers from a rapid shift by consumers to electric vehicles, hybrids and plug-in hybrids made by Chinese brands.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapan

Topics: /Business/Business News Motor Honda Auto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 12:57:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23441821

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 30 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 27 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions