Honda Motor Co reported a 37% drop in profit for the first half of the fiscal year, totaling 311.8 billion yen ($2 billion), primarily due to U.S. tariffs and unfavorable currency rates. Despite these challenges, motorcycle sales reached a record high, with over nine million units sold in Asia. The company has lowered its profit forecast for the fiscal year to 300 billion yen, marking a 64% decline from the previous year. Additionally, a chip shortage has disrupted production, particularly in North America.
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