THE DIRT BIKE SHOW IS GO!

October 30 2014.

The 2014 International Dirt Bike Show is now in full swing with thousands of off-road enthusiasts flowing through the Stoneleigh Park halls, enjoying everything the event has to offer.


In the main exhibition hall, the major manufacturers have built some amazing stands which are packed full of the latest production and race-spec machines, glistening under the spotlights and just waiting to be admired.

Racing stars are starting to turn up with the stage set for an afternoon of interviews with the likes of British MX1 Champ Shaun Simpson and new KTM UK team-mate Petar Petrov, Suzuki manager Neil Prince and rider Graeme Irwin and, from Yamaha, Max Anstie, Lewis Gregory and Steve Dixon.

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HONDA UP IN SECOND QUARTER

October 28 2014.

Honda Motor Co., Ltd. (HMC; NYSE) today announced its consolidated financial results for the fiscal second quarter ended September 30, 2014.


Second Quarter Results
Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal second quarter ended September 30, 2014 totaled JPY 141.8 billion (USD 1,296 million), an increase of 17.9% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 78.73 (USD 0.72), an increase of JPY 11.94 (USD 0.11) from JPY 66.79 for the corresponding period last year. One Honda American Depository Share represents one common share.

Consolidated net sales and other operating revenue (herein referred to as "revenue") for the quarter amounted to JPY 3,014.7 billion (USD 27,545 million), an increase of 4.3% from the same period last year, due primarily to increased revenue in motorcycle and automobile business operations, as well as favorable foreign currency translation effects.

Consolidated operating income for the quarter amounted to[stop] JPY 164.4 billion (USD 1,502 million), a decrease of 4.1% from the same period last year, due primarily to a decrease in sales volume and model mix as well as increased R&D expenses, despite continuing cost reduction efforts and favorable foreign currency effects.

Consolidated income before income taxes and equity in income of affiliates for the quarter totaled JPY 179.8 billion (USD 1,643 million), an increase of 8.6% from the same period last year.

Equity in income of affiliates amounted to JPY 22.7 billion (USD 208 million) for the quarter, a decrease of 28.2% from the corresponding period last year.

Business Segment
In motorcycle business operations, revenue increased 4.9%, to JPY 438.3 billion (USD 4,005 million) from the same period last year. Operating income totaled JPY 38.1 billion (USD 348 million), a decrease of 16.3% from the same period last year.

In automobile business operations, revenue increased 3.7%, to JPY 2,310.4 billion (USD 21,109 million) from the same period last year. Operating income totaled JPY 79.1 billion (USD 723 million), a decrease of 1.3% from the same period last year.

In financial services business operations, revenue increased 13.5%, to JPY 192.9 billion (USD 1,763 million) from the same period last year. Operating income increased 3.6% to JPY 48.2 billion (USD 441 million) from the same period last year.

In power product and other businesses operations, revenue totaled to JPY 73.0 billion (USD 667 million) basically unchanged from the same period last year. Honda reported an operating loss of JPY 1.0 billion (USD 10 million) a decline of 0.2 billion (USD 2 million) from the same period last year.


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