Honda quarterly profit falls on weak dollar

Newswire

TOKYO, July 29 (Reuters) - Honda Motor Co , Japan's second-biggest automaker, said on Tuesday its operating profit fell 12 percent in the first quarter as a dearth of new models hit sales at home and the strength of the yen cut into exports to the key U.S. market. Operating profit for the three months to June at Honda, also the world's largest motorcycle maker, was 150.18 billion yen ($1.26 billion), compared with 170.82 billion yen posted a year earlier. Revenues grew 3.7 percent to 2.008 ...

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