Honda reports $2.3 billion profit despite pandemic

08 Nov Honda reports $2.3 billion profit despite pandemic

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Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world. Tokyo-based Honda Motor Co. said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world. Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations.

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Honda reports $2.3 billion profit despite pandemic originally appeared on Autoblog on Sat, 7 Nov 2020 11:30:00 EST. Please see our terms for use of feeds.

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