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Honda Sales Increase, Profits Slip In First Quarter

One of Central Ohio’s largest employers says it had a mixed first quarter of its fiscal year. Honda says its net profits for the first quarter slipped seven percent, but Honda sales grew in nearly every region of the world in the same quarter. The report says the Tokyo-based auto maker made about $1.25 billion between April and June. The company is also sticking by its estimate of nearly $6 billion in profits in the current fiscal year. The first quarter of Honda's year also included some bold announcements, including plans to revive the Acura NSX and build it at a retrofitted plant in Marysville. Honda employees about 13,000 people in central and western Ohio.