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Honda Reports Q1 2011-2012 Results

Honda reported a 88.3% year-on-year decrease in net profit over its first quarter ended June 30, 2011, thanks in large part to the March 11 earthquake and ensuing tsunamis in Japan. Honda reported a profit of 31.7 billion yen (US$411.1 million) over the quarter, a fraction of the 272.4 billion yen (US$3.53 billion) reported over the same quarter last year.  The decrease came mainly from a large dropoff in automobile sales. Net sales from the motorcycle division helped keep Honda in the black despite a drop in unit sales.

Honda EV-neo Electric Scooter to Begin European Trial

Honda announced it will begin a trial program for its EV-neo electric scooter in Barcelona, Spain. Already available in Japan under a lease sale program, the Honda EV-neo is designed to be a commercial delivery vehicle, with performance said to be on par with an under 50cc scooter. The electric scooter will make its European debut as Honda is providing Barcelona City Council with 18 EV-neo scooters at the beginning of July for a one-year trial.

The week's most popular stories

Want to know what people are looking at on Visordown? Well for the past 7 days, these have been our most popular stories: Motorcycle Racers on Twitter, 5 things no-one told you about becoming a biker, Thieves nick copper's bike, Honda Moto Compo, Irony. So there you have it, that's what everyone else has read, have you?