Honda's net profit for April-June up twofold to record high on weak yen

Honda Motor Co. said Wednesday its net profit for the April-June quarter more than doubled from a year earlier to a record 450.92 billion yen ($2.86 billion), supported by robust demand in North America and a weaker yen.

The Japanese automaker did not include losses related to its review of its electric vehicle business, under which it halted development of EV models and scrapped plans to build an EV factory overseas in response to weakening demand.