Honda, Japan's number 2 automaker posted an 88 percent fall in operating profit, due to the drop in car sales, but managed to beat expectations for a loss.
Honda posted an operating profit of 25.2 billion yen ($267 million) in the April-June quarter, compared to a 210.5 billion yen a year earlier. Honda also raised their full year forecast die to the fact that it expects sales to improve. For the year ending March 31, 2010, Honda is now forecasting an operating profit of 70 billion yen and net profit of 55 billion yen.
Full Story: Reuters
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Comments (8)
One of the smartest lineups for a auto company..
Posted by Stormtrooper | July 29, 2009 7:57 AM
Posted on July 29, 2009 07:57
The Insight sucks, though....
Posted by bob | July 29, 2009 8:14 AM
Posted on July 29, 2009 08:14
@bob
And so? I think one of the main reasons Honda's sell so well in the US is due to repeat buyers. Not that's a bad thing, but sometimes it's not a good thing either. Again I think this also lends itself (and the reputation they built up in the 90's against the domestics for durability) to their higher resell value.
Posted by Brian | July 29, 2009 12:28 PM
Posted on July 29, 2009 12:28
@ Bob, the insight is exactly what it's supposed to be, a sub-$20k hybrid.
@ Brian, I would say repeat buyers, but also new buyers (recent college grads, possible starting families). I would also say it's their high quality materials- sit in an Accord, then a Camry and Altima. The Accord easily has the best interior and driving dynamics for its class.
Posted by Noya | July 29, 2009 5:43 PM
Posted on July 29, 2009 17:43
They need a light truck to compete with the Tacoma. The Ridgeline is too high end.
One with an extra cab and half doors in the back - 4 cyl and V6.
I think that would be neat.
Posted by Mike | July 29, 2009 9:58 PM
Posted on July 29, 2009 21:58
I was reading a nice sum of Honda insight owners were a bit upset at the lack of quality in the Insight that the Pirus has over it. If that is the case i'd expect that to be changed with the next revision.
Posted by SteelCity1981 | July 30, 2009 2:19 AM
Posted on July 30, 2009 02:19
cant complain with a profit.
Posted by TrainRekS | July 31, 2009 9:33 PM
Posted on July 31, 2009 21:33
Rzsv8d vloacn ucuss oeuurgk xqcley txthsg ohxtmjo hkgur krsygly mxarfhar wceolxo gehnjgy hngyv
Posted by Knvaevco | June 4, 2010 6:40 AM
Posted on June 4, 2010 06:40