Via Reuters
Honda Motor Co on Friday forecast a 3.6 percent rise in net profit for the year to next March, below analyst estimates, saying it expects strong sales of the remodelled Fit compact car globally including in the United States.
Honda Motor Forecasts 3.6 pct Net Profit Rise This FY, Below Estimates
April 28, 2014
1 min to read
Honda said it expects to post 595 billion yen ($5.8 billion) in net profit this business year, compared with the 700 billion yen mean estimate of analysts polled by Thomson Reuters I/B/E/S.
For the latest quarter to end-March, Japan's third-biggest automaker more than doubled net profit to 170.5 billion yen, boosted by a decline in the value of the yen and strong sales in China and Japan.
Shares of Honda closed 1.0 percent higher ahead of the result, compared with a 0.2 percent gain in the benchmark index.
More Industry
Global Roads Getting More Electric
China easily reigns in the segment, but European countries’ adoption rates are growing. The U.S., probably due to market size, has the second biggest EV fleet.
Read More →
Black Book: Weekly Market Update
The full-size pickup segment, which has been dominant in the U.S., ended 11 consecutive weeks of gains with a slight dip last week.
Read More →
Black Book: Weekly Market Update
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
Read More →
EV Battery Cycle Life at Risk
Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
Read More →
Founding Family Sells Nebraska Dealerships
Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
Read More →
March New-Vehicle Sales Don’t Reflect War
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
Volvo to Shift Some EV Production to U.S.
The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
Read More →
Black Book: Weekly Market Update
Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.
Read More →
Gas Prices Driving Consumer Interest
CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.
Read More →
Automakers Have More Tricks Up Their Sleeves
JD Power analysts see auto retail faring this year’s storms well through various means, though it acknowledges conditions are challenging to accurately predict.
Read More →