Honda Motor Co. Ltd. reports consolidated net income fell 7.5% to ¥127.1 billion ($1.15 billion) vs. like-2003 for its fiscal year second quarter (which runs from April-September). North American revenue slid 5.9% to ¥1.1 trillion ($9.9 billion). Honda blames the poor results on a strong yen. Nevertheless, North American operating income rose 6.4% in the quarter to ¥85.1 billion ($767 million) vs. year-ago due to improved all-terrain-vehicle profits, ongoing cost cuts and revised ’04 ...

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