Honda Rides Out the Storm to Produce Better Than Expected Results

Summary


Honda, the Japanese carmaker most reliant on the US market, rode out the weak dollar and soaring oil prices to produce a better than expected 9.2 per cent rise in second quarter operating profits.

The company also raised its fullyear profit forecast by seven per cent, thanks to strong sales in Europe and Asia.

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Honda Rides Out the Storm to Produce Better Than Expected Results

Honda, which kicked off the earnings season for Japanese car makers yesterday, grew sales by eight per cent in the period after benefiting from the introduction of new ...

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