Honda jumps on CR-V sales
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Honda Motor Co  posted a forecast-beating 63 percent jump in quarterly earnings as strong sales of its new CR-V crossover made up for higher raw materials costs, and it raised its full-year net profit forecast on a lower tax rate.
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Exporters such as Honda Motor Co. led gains in Asian shares on Monday as a rebound in the U.S. dollar eased concerns over corporate profits.
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Honda Motor Co (7267.T) posted a 63  percent rise in quarterly profit on Thursday as strong global  sales of its new CR-V crossover and Accord sedan made up for  higher raw materials costs and dismal domestic demand.
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Honda Motor Co  posted a stronger-than-expected 38 percent rise in quarterly profit on Wednesday, helped by a jump in Asian margins in particular and strong global sales of its new CR-V crossover.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.
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Honda's reputation for precision and efficiency on a shoestring was an adjustment last week for people accustomed to lavish Motor City ways.
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Automaker Volkswagen AG said Friday that its third-quarter profit soared higher on improved sales in Asia, Europe and South America, along with lower costs for building cars.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999.
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Honda Motor on Wednesday predicted it would beat this year's record car sales in 2008, and said it would step up its research and development functions by building a dedicated facility for its premium Acura brand.
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Not overnight. However, new offerings such as Honda&#39;s high-performance Accord hybrid will help push this new breed into the mainstream.
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General Motors Corp  on Tuesday said U.S. sales rose more than 5 percent in August, boosted by strong demand for its pickup trucks and sport utility vehicles.
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Japanese auto stocks such as Toyota Motor Corp. rose after a US government report showed retail sales gained more than expected last month, with spending on vehicles recording the biggest increase in three years.
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The Nikkei average rose 1.22 percent on  Thursday as Wall Street's gains fueled buying of exporters such  as Honda Motor Co. Ltd. and a rebound in crude oil and other  commodities prices lifted trading houses such as Mitsubishi  Corp.
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Demand for Volkswagen and Audi vehicles helped VW sell more than three million cars in the first two quarters of this year.
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Tokyo - Japanese car manufacturer Honda said Monday it would spend $340 million to quadruple capacity at its joint plant with Dongfeng Motor in Wuhan, China, to 120 000 units by 2006.
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Honda Motor on Wednesday predicted it  would beat this year's record car sales in 2008, and said it  would step up its research and development functions by  building a dedicated facility for its premium Acura brand.
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Japan's Honda Motor Co.  said on Tuesday it was heading for a 5 percent rise in global car sales to a record 3.55 million units this year and predicted continued growth in most regions for 2007.