TOKYO—Japanese automaker Honda Motor Co.’s fiscal third-quarter profit fell 71 percent from a year earlier as growing incentives, an unfavorable exchange rate and flat vehicle sales offset gains from cost cuts, the company said.
Tokyo-based Honda’s October-December profit totaled 168 billion yen ($1.5 billion), down from 570.3 billion yen a year earlier. Quarterly sales were unchanged at 3.9 trillion yen ($36 billion).
