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Palou, Lundgaard Make Up All-Honda Front Row At the Sonsio Grand Prix of Indianapolis

Honda reports fiscal year net profit up 70% year-over-year to 1.1T yen as sales increase 20.8% YoY to 20.4T yen boosted by strong global vehicle sales; company issues cautious outlook for current fiscal year due to rising costs and changes to forex rates

Honda Motor Co. Ltd. - Honda Motor Co., Ltd. reports consolidated financial results for the fiscal year ended March 31, 2024 - Form 6-K

Honda's annual profit jumps 70% year-over-year due to strong vehicle sales and weak yen; the automaker forecasts a nearly 10% profit decline this fiscal year due to increased R&D spending amid global shift to electric vehicles

Honda plans to increase spending on electric vehicle R&D this year by 23% year-over-year to US$7.6B after reporting record profits; the company anticipates producing 2 million hybrid models a year by 2030, aims to be carbon neutral by 2050

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