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Honda profits jump on strong car and motorcycle sales

2018-07-31 09:22

Honda says its profits jumped 17.8% in the latest quarter, driven by strong car sales in North America and motorcycle sales in Asia.

The Japanese automaker reported profits Tuesday of 244.3 billion ($2.2-billion) yen in the April-June quarter, up from 207.3-billion yen last year. Sales rose 8.4%to 4.0-trillion yen.

Honda sold 518 000 vehicles in North America, an increase of 7.7%. Growth in Indonesia, India and Vietnam drove up total motorcycle sales 13.9% to 5.35-million units.

Profits rose despite the negative impact of flooding that has forced suspension of production at a factory in Mexico.

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