Tag: MOTOR
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Japan’s Honda Motor third-quarter profit drops 40% on discounting, quality costs
Honda Motor Co Ltd on Friday reported a 40.2 per cent drop in third-quarter operating profit, missing market expectations due to higher discounting and quality-related costs. Japan’s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier. The result compared with the…