Japanese automaker Honda reports booming profit on sales growth, weak yen
Friday, 10 May 2024 Hond has reported that its profit for the fiscal year through March jumped 70% as its vehicle sales grew and a weak yen buoyed overseas earnings. The Japanese automaker reported Friday that its annual profit totaled 1.1 trillion yen, or $7 billion, as sales surged nearly 21%. Weaker sales in China were offset by strong demand in the U.S. market. Honda sold more than 2.8 million vehicles globally, up from 2.3 million a year earlier, with sales growing in Japan, the U.S. and Europe. Honda was less optimistic about this fiscal year, forecasting that its profit will decline nearly 10% due to higher spending on R&D.
SUV Sales Hit , Record High in 2023 Despite , Global Efforts to Cut Emissions.
'The Guardian' reports that SUV sales
hit a record high in 2023, comprising
half of all new cars sold..
Credit: Wibbitz Top Stories Duration: 01:31Published
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Trump Promises to Stop , All Electric Car Sales.
In an effort to be reelected
as President of the Unites States.
Trump is promising oil and gas execs that
he'll keep electric vehicles (EVs) from..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 10 May 2024
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