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

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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.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapan

Topics: Honda Motor /Business/Business News 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 weeks 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

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