Honda Hits a Grand Slam!

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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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