May 22, 2013

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Reporter: Associated Press Email

Honda Quarterly Profit Jumps on Improved Sales

TOKYO (AP) - Honda's January-March profit jumped 61 percent as the Japanese automaker sold more cars and motorcycles in a turnaround from a disaster-battered 2011.

Honda Motor Co., which makes the Accord sedan, Fit subcompact and Asimo robot, reported Friday a net profit of 71.5 billion yen ($882.7 million) for the fiscal fourth quarter, up from 44.5 billion yen a year earlier.

The results underline a recovery from the sales plunge that hit last year after the March 11 earthquake and tsunami disrupted the supply of auto parts from northeastern Japan.


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