Honda reports nearly 9% rise in profit on healthy demand for cars and motorcycles

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Honda reports nearly 9% rise in profit on healthy demand for cars and motorcycles
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TOKYO ? Honda reported Wednesday that its profit rose 8.7% in the April-June quarter as strong sales of hybrid vehicles in Japan and the U.S., and motorcycles in India and Brazil, boosted the Japanese automaker?s earnings. Honda Motor Co.?s profit in the last quarter totaled 394.7 billion yen , up from 363 billion yen a year earlier. Quarterly sales rose nearly 17% to 5.4 trillion yen .

He acknowledged the shift to electric vehicles in China was moving quicker than expected, and Honda was busy adjusting its production. All the Japanese automakers, which dominated in gas engine vehicles, face a challenge in competing in the EV sector. Concerns also remain in the U.S. market, Fujimura said, noting uncertainties over the presidential election in November, though he would not comment directly on the political situation.

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