Honda Quarterly Profits Plunge Due To Quality Issues And Strong Dollar

Honda Motor Co.’s operating profit fell 22 percent in the latest quarter as expenses for recalling Takata airbags and losses from a strong dollar undercut rising sales.

Operating profit declined to 163.08 billion yen ($1.35 billion) in the Japanese carmaker’s fiscal third quarter ended Dec. 31, from 210.00 billion yen ($1.74 billion) a year earlier.

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