Honda's April-Dec. net profit drops 42%, 4-wheel business slips into loss

Honda Motor Co. on Tuesday reported a 42.2 percent drop in net profit in the April-December period, as its four-wheel vehicle business swung into loss, dragged down by U.S. tariffs, a stronger yen and weaker vehicle sales in key markets.The Japanese carmaker posted a net profit of 465.44 billion yen ($3 billion) in the nine months ended Dec. 31, down from 805.26 billion yen in the same period a year earlier.Sales were down 2.2 percent at 15.98 trillion yen and operating profit tumbled 48.1 percent to 591.51 billion yen.The automaker logged an operating loss of 166.4 billion yen in its four-…READ FULL ARTICLE