Honda Motor on Wednesday raised its projection for full-year operating profit by 2.8 percent as it anticipates to sell more vehicles and bikes this year, especially in Asia, while it likewise sees cost reductions and a weaker yen increasing its bottom line. Japan’s third-biggest automaker prepares for an operating profit of 745.0 billion yen ($6.54
Japan’s leading automakers are taking pleasure in strong development in China, the world’s top automobile market, bucking concerns about a downturn in the market after tax incentives were cut down this year. Toyota Motor and Honda Motor stated on Tuesday vehicle sales in China increased near 15 percent in September, after strong sales in August.
General Motors vehicle sales in China increased 12 percent in August from a year previously to 328,425 units, after a 6.3 percent increase in July, automaker stated on Tuesday. The automaker’s January-August sales amounted to 2.38 million vehicles, a 0.3 percent gain from the same duration a year earlier. The sales figures come on the
Honda Motor increased its profit forecast for the year pointing out a more beneficial currency exchange rate, after posting an unexpected increase in quarterly revenues on the back of a weaker yen and strong demand in Asia. Japan’s No. 3 automaker, however, is still having a hard time in its largest market, North America, that