T Mac
10-25-2007, 08:33 AM
TOKYO (Reuters) - Honda Motor Co (7267.T: Quote, NEWS , Research) 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.
Honda's factories are running at full capacity around the world -- including in Japan despite weak sales at home -- thanks to brisk demand for exports to North America and Europe.
Orders at Japan's second-biggest automaker have been especially strong for the remodeled CR-V from would-be SUV drivers hoping to go further with expensive gasoline.
Click here (http://investing.reuters.co.uk/news/articleinvesting.aspx?type=tnBusinessNews&storyID=2007-10-25T094012Z_01_T25CW8PAN_RTRIDST_0_BUSINESS-HONDA-RESULTS-DC.XML) to read the entire story from Reuters UK
By Chang-Ran Kim, Asia auto correspondent
Honda's factories are running at full capacity around the world -- including in Japan despite weak sales at home -- thanks to brisk demand for exports to North America and Europe.
Orders at Japan's second-biggest automaker have been especially strong for the remodeled CR-V from would-be SUV drivers hoping to go further with expensive gasoline.
Click here (http://investing.reuters.co.uk/news/articleinvesting.aspx?type=tnBusinessNews&storyID=2007-10-25T094012Z_01_T25CW8PAN_RTRIDST_0_BUSINESS-HONDA-RESULTS-DC.XML) to read the entire story from Reuters UK
By Chang-Ran Kim, Asia auto correspondent