Honda Credits Trump For Tripling Quarterly Profits In US

Corporate tax breaks championed by U.S. President Donald Trump triggered a tripling of net income at Honda Motor Co. in the latest quarter, multiplying the effects of robust sales.

The upbeat results spurred Honda to raise its profit forecast for a third time this fiscal year. The Japanese automaker now expects full-year net income to climb 62 percent instead of decline.

In the company’s fiscal third quarter ended Dec. 31, net income surged to 570.2 billion yen ($5.06 billion), from 168.8 billion yen ($1.5 billion) a year earlier. Honda credited U.S. tax cuts for a 346.1 billion yen ($3.07 billion) windfall that bolstered the bottom line.

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bnilhome - 2/2/2018 10:55:47 AM

+7 Boost

While Trump sometimes goes over the top with tweets and personal remarks, one thing he has successfully done is expose both the biased fake news media and the reality that the left and Democratic party does not care for the little guy. The leader of the left, Nancy Pelosi, said $1000 checks that companies were giving to its employees were "bread crumbs," yet the reality of Trumps policies are being felt in a very real and positive way by citizens, and by businesses such as Honda. It's truly a win win scenario for nearly everyone...minus the left and mainstream media.

TomM - 2/3/2018 7:14:50 AM

-1 Boost

If you are going to complain about Pelosi's rides - then you have to include the FACT that Trump has spent an inordinate amount of time at his various properties instead of being in the white house. Trump - in past - criticized Obama for a trip to Hawaii - yet he has been our most absent president - actually visiting HIS Gold Courses more than 70 times in his first year in office. I wish I had a job that was so easy that I could spend 1/3 of my time playing golf!

222max - 2/2/2018 2:38:58 PM

-1 Boost

Politics aside and accuracy being the point. Honda didn't credit Trump. The writer of the article did. China being one of the biggest gainers for the automaker.

llaroo - 2/2/2018 3:28:15 PM

0 Boost

my God, talk about sugar highs, Tax cuts adding to deficit and national debt and shareholders, who is being hood winked here

CANADIANCOMMENTS - 2/2/2018 4:53:17 PM

0 Boost

@llaroo - Precisely. If they had cut spending to offset the tax break giveaway, that is one thing. But to cut a $1.5T check on the back of taxpayers to give to corporations and the rich while the economy is rolling along at speed is just showboating and stupid. Anyone who has cracked an ECON 101 book would know this.

Runamukk - 2/2/2018 3:43:34 PM

+1 Boost

Wasteful spending by the federal government that cant even balance a checkbook is the real hoodwinking.

LexSucks - 2/2/2018 5:47:25 PM

+1 Boost

The same Melania that costs tax payers $100,000's+ for extravagant trips?

MrEE - 2/2/2018 7:12:12 PM

+1 Boost

Sorry, new tax rates are for 2018, not 2017.

TauronB2G - 2/2/2018 7:28:09 PM

+3 Boost

This site should really stick to cars.

llaroo - 2/3/2018 6:52:53 PM

+2 Boost

I agree and I am guilty too. Cars only, don't bring government into discussions here

mini22 - 2/5/2018 1:55:40 PM

+2 Boost

IIaroo-Since you have already commented twice not about cars I will comment but once. I suggest that all of you check out the latest issue of "Mad Magazine".