Sunday, April 29, 2012

Honda sees bumper year as it leaves disasters behind

File photo of a man being silhouetted against a logo of Honda Motor at the company showroom in TokyoTOKYO (Reuters) - Honda Motor Co forecast a near-tripling of operating profit in the year ahead on surging Asian sales and a recovery in the United States, marking an emphatic rebound from a 2011 hammered by the yen's record strength and natural disasters. Japan's No.3 automaker is expected to ride faster-than-expected growth in demand in the United States, its biggest and most profitable market, where sales of the remodeled CR-V crossover have jumped by more than a quarter so far this year. For the year to next March, Honda forecast an operating profit of 620 billion yen ($7. ...


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