Honda Hits a Grand Slam!

Washington Post - July 31, 2012

There is no doubt that Hon­da has bounced back from last year’s nat­ur­al dis­as­ters, report­ing a quar­ter­ly prof­it that quadru­pled to $1.7 bil­lion. Vehi­cle sales dou­bled in the key mar­kets of Japan and North Amer­i­ca but were weak in Europe.

Find out if Hon­da will stick to its prof­it fore­cast for the fis­cal year through March 2013.

Vehi­cle sales dou­bled in the key mar­kets of Japan and North Amer­i­ca but were weak in Europe where aus­ter­i­ty mea­sures to tack­le the region’s debt cri­sis have crimped demand. Hon­da report­ed glob­al sales of 849,000 vehi­cles for the quar­ter, up from 458,000 a year ear­li­er.

Hon­da stuck to its fore­cast of 470 bil­lion yen ($6 bil­lion) prof­it for the fis­cal year through March 2013. That would be more than dou­ble what it earned last fis­cal year. It expects to sell 4.3 mil­lion vehi­cles for the fis­cal year, up by more than a mil­lion vehi­cles from 3.1 mil­lion vehi­cles for last year.

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