Honda nearly triples its annual profit forecasts

Honda Motor Co. announced today that it has nearly tripled its annual profits forecasts, thanks to a dominant motorcycle business and line-up heavy in small cars. The Japanese manufacturer expected to make 55bn instead of 155bn yen.

According to the manufacturer, this profits increase is attributed to the revision to state-backed measures to stimulate sales. “Honda’s hybrid models have been selling well with the incentives. Whether or not real demand is picking up is still uncertain.” said Yuuki Sakurai, chief executive officer of Fukoku Capital Management.
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DexDiamonds - 10/27/2009 1:07:50 PM

+1 Boost

I was thinking to get a CR-Z as a city car...

veyron1001 - 10/27/2009 6:28:14 PM

+1 Boost

A rio is more of a city car

dlin - 10/28/2009 12:01:03 AM

+3 Boost

Great. Can I have NSX then?

SpicyMikey - 10/28/2009 10:17:37 AM

+2 Boost

Maybe that's why their profits are up. Not spending money on low margin low volume products.

That said, I agree with you. The NSX was virtually done. I think that was a bad idea to cancel it.