UPDATE 2-Honda exec sees 3 percent rise in 2007 U.S. sales


(Adds quotes, byline) By Jui Chakravorty DETROIT, Aug 31 (Reuters) - Honda Motor Co Ltd is on track for a 3 percent increase in U.S. sales in 2007, an executive said on Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence. John Mendel, senior vice president of U.S. auto operations at Honda, told reporters the Japanese automaker would benefit from new products such as the upcoming Accord sedan despite concerns about the housing market and ...

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