patek007

If you ever wondered if all those 'service/dealer' complaints ever shall have an effect - well here ya go [below]!! How CLEVERly honda tries to MASK the 'real issues' of the organization. I.e. yeah, US autos is not the the only revenue stream... yet it is down - I've been tracking it for a while... and to be honest haven't seen any 'down/turns' until recently.

And what is the MOST HILARIOUS is the fact how they masquarade the 'truth' i.e. the real reasons why it's down... ie. '..Honda blames currency fluctuations for the drop...". Yeah... 'currency fluctuating' into Nissan, Bimmers, Chrysler, etc. But then... is it not like a real modern Honda... - they quite match their management, service & dealerships.. in consistancy in 'covering' things up... However one can still enjoy their bikes, grass mowers & marine motors .
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Honda First Quarter Sales, Earnings Up via WardsAuto.com, Aug 28 2004

Honda earns $1 billion in first-quarter 2004 and its revenue rises to $18.6 billion.

Honda Motor Co. Ltd. reports first-quarter fiscal 2004 sales and earnings are up, with consolidated net income at ¥114.2 billion ($1 billion) and consolidated net sales and revenue of ¥2.1 trillion ($18.6 billion).

Earnings per share stand at ¥121.65 ($1.09). Earnings rose 12.2% vs. first-quarter 2003, and revenue increased 3.2% over year-ago.

Honda says its automobile sales rose 9% to 772,000 units for the quarter, which ended June 30. Automobile sales rose 0.7% in Japan to 154,000 units and overseas sales jumped 11.4% to 618,000 units.

Revenue from automobile operations inched up 2.1% to ¥1.7 trillion ($14.8 billion). North American revenue for the quarter fell 6.4% from year-ago to ¥1.1 trillion ($10.2 billion). Honda blames currency fluctuations for the drop, despite an increase in sales of motorcycles and power products in the region.