Honda Doubles Operating Profit
Honda's operating profits doubled for the last 9 months ending December in 2010 to 500 billion yen ($6.08 billion) in profits. Honda is looking to revise this number citing rising sales volume in Asia and North America as well as a weaker yen. Between October 2010 and December 2010, the company's operating profit exceeded 100 billion yen beating the forecast.
Honda Sells More in China than Japan
Surprise? Honda announced today that its Chinese sales for 2010 have far exceeded sales in its own home country. Honda's China sales climbed 13% to 655 000 units compared to 647 000 units in Japan. Honda is expected to expand sales 11% to 730 000 units this year relying on the success of the Accord and CR-V.