Honda’s first-half profit and sales grew, and it raised its full-year profit forecast. About $3 billion in second-quarter EV costs weigh against the gains, but the higher forecast points to stronger expected profit.
North American demand and the weaker yen support Honda’s higher profit forecast. EV-related costs weigh against that improvement, but first-half growth and the raised forecast make the positive case stronger.
Follow Honda Motor Co., Ltd. (HMC) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for HMC