Honda budgets higher US sales incentives for 06/07

Newswire

TOKYO, July 26 (Reuters) - Honda Motor Co. said on Wednesday it has budgeted higher outlays for U.S. sales incentives for the current business year to March 2007 as demand falters for light trucks such as sport utility vehicles. Japan's third-biggest auto maker said it now expects to spend more than $1.15 billion on U.S. sales incentives this year, or $100 million more than the $1.05 billion budgeted three months ago. "Our spending on incentives is still much lower than the industry's ...

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