Honda Surprises With 20 Percent Rise in Profits
Photo: JD Hancock via CC Today, Honda surprised many by reporting a 20% increase in fiscal first quarter profits. Apparently, the costs of the Japanese automaker’s airbag recall were offset by the benefits of a cheap yen. Honda’s April-June net profit was 186 billion yen ($1.5 billion USD), representing a 155.6 billion yen year-over-year increase….
