Honda Motor Co. said today its quarterly net profit jumped 20 percent as strong sales in the U.S. and a weak yen helped the automaker to absorb the impact of higher quality-related costs linked to a recall of cars equipped with Takata airbags.Between April and June, net profit at Japan's third-biggest automaker rose to 186 billion yen ($1.5 billion), from 155.6 billion yen a year earlier. Honda reported the first-quarter results under international accounting standards for the first time.
Like other Japanese automakers, Honda has benefited from the cheaper yen, which boosts the value of repatriated earnings.
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