Honda posts record net profit in first half

Japan's second largest automaker Honda Motor Co. on Thursday reported record net profit for the six months to September and revised up its full-year forecast on strong sales overseas.
Honda is one of the pioneers of environmentally friendly cars, which have proven to be major hits, particularly in the United States, at a time of soaring oil prices.

"Our cost-cutting efforts in all of our business offset the negative effect from the foreign exchange rate and high prices of resources," Fumihiko Ike, a Honda managing director, told a news conference.


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