Amid a slowdown in the U.S. auto market, Honda Motor Co. reported a surprisingly strong 38% rise in earnings for its fiscal third quarter, helped by robust sales of its fuel-efficient cars in China, Europe and North America.
Honda, Japan's No. 2 auto maker by sales volume after Toyota also raised its full-year profit forecast, pushing aside fears of a recession in the U.S., where it sells about 40% of its vehicles.
Strong sales in emerging markets and cost-cutting efforts also helped lift the Japanese car maker's quarterly profit, which exceeded analysts' expectations.
Via WSJ
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