Honda Doubles Profit as Motorcycles and Weak Yen Fuel Post EV Writedown Comeback Honda's surprise profit surge in the first quarter of its fiscal year has sent shockwaves through the automotive industry, driven largely by strong motorcycle sales and a favorable exchange rate.
The Japanese automaker's turnaround from a record breaking loss to a tidy profit is also attributed to its car sales.
However, this development raises questions about Honda's future plans, particularly in the wake of the COVID 19 pandemic and the ongoing shift towards electric vehicles.