Honda posts 23% Q1 profit jump, helped by hybrid vehicle sales

Honda Motor News

Honda posts 23% Q1 profit jump, helped by hybrid vehicle sales
JapanOperating Profit
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TOKYO (Reuters) -Japan's Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited from a weaker yen, higher...

TOKYO - Japan 's Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited from a weaker yen, higher pricing and growing hybrid vehicle sales in the U.S. and its home market.

Honda said last week its global vehicle sales grew 2% to 1.9 million over the first six months of the year, largely due to a 9% rise in sales in top market, the U.S.In contrast, it faced heavy headwinds in China where it saw sales slump 23% to 416,000 vehicles. The companies said on Thursday they had agreed to research technologies for a next-generation software platform together and sought to cooperate in areas such as batteries, e-axles and vehicle complementation.The Federal Reserve may be a bit late cutting interest rates, but it's not yet behind the curve in forestalling a U.S. recession.

vivo today unveiled the new V40 series, including V40 and V40 Pro, its latest smartphones designed to elevate the mobile portrait photography experience. Featuring a professional-grade portrait system co-engineered with ZEISS, V40 series empowers users to capture portraits and videos that tell their story in stunning quality. V40 and V40 Pro also boast a powerful battery, all housed in a sleek, lightweight design - making them vivo's slimmest devices with a 5500 mAh battery to date.

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