Honda net jumps on Accord, CR-V sales
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Honda Motor Co  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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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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Japanese automakers&#39; stocks such as Toyota Motor Corp. rose after a US government report showed retail sales gained more than some economists expected.
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Shares of Nissan Motor Co  surged 14 percent in heavy trade on Monday, posting their biggest one-day rise in seven years after Japan's No. 3 automaker reported a surprise gain in quarterly profit on a pick-up in global sales.
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TOKYO  - Japan&#39;s third-ranked automaker Honda Motor said sales hit a record high in the six months to September but the profit performance was undercut by a stronger yen while record oil prices are a problem going forward, especially in the key US
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General Motors surprised the auto industry by posting strong sales in February, bolstered by its new Chevrolet Silverado and the GMC Sierra.
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Honda Motor Co. forecast on Monday another year of record car and motorcycle sales in 2005, when it will remodel its flagship Civic car and enter new vehicle segments such as the popular pickup sector in the United States.
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However, the decline is not as bad as analysts had expected, and the company raises its profit outlook. By Todd Zaun. TOKYO -- The Honda Motor Co.
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Net income for the second quarter climbed on solid sales of smaller, fuel-efficient vehicles and cost-cutting efforts.
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Tokyo's Nikkei share average gained 0.94  percent on Thursday, with carmakers such as Honda Motor Co.  7267.T buoyed by a weaker yen, while banks extended recent  gains as investors cheered progress in their handling of bad  loans.
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TOKYO -- Honda Motor Co., Japan&#39;s third-largest automaker, said Wednesday its profit fell 7.5 percent in its second fiscal quarter, adding that the strong yen hurt earnings even though revenue rose.
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Japan&#39;s leading automakers Toyota Motor Corp. and Honda Motor Co. put rivals on notice this week by announcing higher sales targets for 2005 and ambitious production increases worldwide.
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Japan's Suzuki Motor Corp booked a  better-than-expected 23 percent jump in quarterly profit as its  Swift, SX4 and other compact cars powered a robust global sales  growth amid record-high fuel prices.
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Auto retailer Carmax Inc.  reported record third-quarter sales on Monday and said used-car sales had strengthened considerably since the spring and summer.
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Dell Inc. said that its quarterly profit climbed 25 percent, propelled by an increase in technology spending by American businesses and a surge in sales abroad.
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TOKYO : Japan&#39;s Honda Motor has forecast global vehicle sales will rise 8.0 percent in 2005 to a record 3.4 million, reflecting strong demand, especially in China and in Europe.
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Honda Motor Co. said Wednesday that US sales rose 10.2 percent in October, boosted by higher truck sales. The automaker sold 110,502 vehicles during the month, up from 100,270 vehicles in October 2003.