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of <h1>Honda Reports 7% Profit Decline Despite Strong Motorcycle Sales; Ends Joint Holding Talks with Nissan, Mitsubishi</h1> Japanese automaker Honda reported a 7% decline in profit for the nine months ending in December, totaling 805 billion yen (USD 5 billion), down from 869.6 billion yen the previous year. Despite strong motorcycle sales, auto sales declined in China and Japan, while remaining solid in the US. Sales increased by nearly 9% to 16.3 trillion yen (USD 106 billion). Honda ended discussions with Nissan and Mitsubishi on forming a joint holding company but will continue existing collaborations in electric vehicles and smart cars.
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