Honda Motor Co. Ltd.'s fiscal first-quarter operating profit is up 6.5% over like-2004 to ¥170.39 billion ($1.5 billion). But like Nissan Motor Co. Ltd. yesterday, Honda is cautioning profitability may be harmed by plans to add more discounts to its U.S. vehicles to keep up with the U.S. Big Three auto makers. “(General Motors Corp.'s) strategy of offering employee discounts to customers has led to an unexpected scale of rises in incentives,” Honda Executive Vice President Satoshi Aoki ...

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