Honda's profits dropped 40% in the automaker's third fiscal quarter. Not all of it has to do with the dropping value of the dollar versus the Japanese yen.
Other problems leading to
Honda's October-December earnings slip from ¥134.6 billion to ¥81.1 billion include a drop in sales in its home market because of the end of green-car incentives. And it also got hurt from a
seafood subsidiary's engagement in questionable business practices.
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