UPDATE 3-Honda surprises with higher Q1, raises forecasts


(Adds fund manager, company comments, details) By Chang-Ran Kim, Asia auto correspondent TOKYO, July 28 (Reuters) - Honda Motor Co. posted a surprise rise in first-quarter operating profit on Wednesday as it weathered a drop in North American sales, and it raised full-year forecasts thanks to a stronger-than-expected dollar. Robust sales in Europe and Asia, plus a strong performance by its all-terrain vehicles in the U.S. market and motorcycles in Asia, helped Japan's third-largest ...

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