Honda Profits Surge on Weak Yen, Strong US Sales

Honda Profits

What a difference a few years makes! Back in 2010, we wrote about a strong Yen sinking Japanese auto profits in the US and threatening the continued existence of companies like Mazda, Suzuki, and Mitsubishi. Suzuki is already done for, and Mitsubishi is barely (but bravely!) hanging on – but there’s hope for all of them, if Honda’s any indication. The company is posting huge profits on the back of a newly weak Yen and strong US sales of, frankly, excellent products like the new, 50 MPG Honda Accord Hybrid.

Here’s more on Honda’s surging profits from an article that first appeared in AFP Tokyo, syndicated with their permission. Enjoy!

 

Honda profits surge on weak yen, strong N.America sales (via AFP)

Honda said Wednesday its net profit soared 46.4 percent in the three months to September as Japan’s third largest carmaker benefited from a weaker yen and stronger North America sales. Net profit for July-September rose to 120.37 billion yen ($1.23…

 

Jo Borrás

I've been in the auto industry 1997, and write for a number of blogs in the IM network. You can also find me on Twitter, at my Volvo fansite, or chasing my kids around Oak Park, IL.