Japanese automaker Honda reports lower profits as China sales decline

TOKYO, Japan: Japanese automaker Honda reported a nearly 20 percent drop in profits for the first half of its fiscal year, largely due to weaker car sales in China and rising costs associated with quality issues and incentives.

Honda Motor Co. recorded 494.68 billion yen (US$3.2 billion) in profit from April to September, down from 616 billion yen in the same period last year, despite a rise in overall revenue t