New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

Honda's profit more than triples on sales growth, tax cut

2018-02-02 10:07

Image: Quickpic

Tokyo - Honda's profit for the fiscal third quarter has more than tripled what the Japanese automaker earned last year as its sales grew and profits got a perk from a US tax cut.

Tokyo-based Honda makes the Accord sedan, Odyssey minivan and Asimo robot. It reported Friday that October-December profit totaled 570.2-billion yen ($5.2-billion), up from 168.8-billion yen the previous year.

Quarterly sales grew 13% to 3.96 trillion yen ($36-billion).

Honda lifted its annual forecast through March to 1 trillion yen ($9-billion), up from 616.5-billion yen the previous fiscal year on continued sales growth and a favorable exchange rate.

Honda previously projected fiscal year profit of 585-billion yen ($5.3-billion).

Read more on:    honda  |  japan  |  industry news

There are new stories on the homepage. Click here to see them.