Honda posts surprise Q1 profit gain, U.S. sales solid

Newswire

TOKYO, July 25 (Reuters) - Honda Motor Co posted a surprise 8 percent rise in quarterly profit on Friday as solid sales of its smaller, fuel-efficient cars in the crumbling U.S. auto market overcame a stronger yen and rising commodity costs. Honda, Japan's No.2 automaker and the world's top motorcycle maker, said net profit was 179.6 billion yen ($1.7 billion) for the April-June quarter, ahead of an average estimate of 135.4 billion yen in a Reuters poll of eight brokerages. ...

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