Honda posts surprise Q1 profit gain, costs held

Newswire

(Adds details) By Chang-Ran Kim, Asia autos correspondent TOKYO, July 25 (Reuters) - Honda Motor Co posted a surprise 8 percent increase in quarterly net profit after it raised car prices and cut costs, helping it overcome a stronger yen, crumbling U.S. auto market and higher commodity prices. But Japan's No.2 automaker and the world's top motorcycle maker kept its forecast for an 18 percent drop in full-year net profit, cut its operating profit outlook and trimmed its annual global ...

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