After taking a severe pummeling from the global recession, Honda Motor Co. Ltd. now may be on the cusp of recovery. In the April-June 2009 quarter, the auto maker posted a surprising ¥25.2 billion ($262 million) operating profit, an 88% plunge from year-ago but not the loss analysts expected. Honda now anticipates a ¥70 billion ($729 million) operating profit for the full fiscal year, seven times what the auto maker forecast just three months ago. “Honda is one of the better ...
Premium Content (PAID Subscription Required)
"Honda Weathers Recession; Looks to Global Markets to Grow Sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.