Tokyo | Honda, Japan’s second-largest carmaker by sales, reported higher-than-expected profits as it officially abandoned $US58 billion ($92 billion) merger talks with its smaller rival Nissan that had been designed to strengthen their competitiveness against Tesla and China’s electric vehicle champions.
Record motorcycle sales boosted Honda’s pre-tax profits, which rose 25 per cent year-on-year to ¥483 billion ($5 billion) in its quarter ending in December, beating analyst expectations compiled by LSEG.
