Honda Motor Co. Ltd. reports first-quarter 2006 net income increased 29.6% to ¥143.4 billion ($1.24 billion) from like-2005. Net revenue rose 14.8% in the period to ¥2.60 trillion ($22.56 billion) from year-ago due to increased vehicle sales in North America and a weaker yen, Honda says. In North America, Honda’s revenue grew 17.6% to ¥1.47 trillion ($12.7 billion), and operating income climbed 57.4% to ¥114.4 billion ($993 million), despite “soaring raw-materials costs” and increased ...
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