Honda saw profit increase

Honda saw a year-on-year profit increase of 7% and reached 198 billion yen due to its hard work in costs cut and strengthened focus on Asian market, with a net income increase of 20% and reached 146.5 billion yen. Model changes made it win in Chinese, Indian and Indonesian market although it saw flagging sale in Thailand since its political turmoil. It also saw sales dropped in American market. Because of its Accord sedan and Acura models including the ILX and TSX, U.S. sales decreased by 1 percent in the first six months of the year. Its operating loss in Europe also decreased, while its demand in China keeps increasing. The company predicts that it will see an operating profit increase. honda

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