Honda Profits Rise by $3 Billion

Honda Motor Co. (HMC) posted a profit of ¥272.5 billion ($3.1 billion) for the first quarter of its fiscal year 2011 that rose remarkably by ¥264.9 billion ($3 billion) from ¥7.6 billion ($85 million) in the same quarter of the previous fiscal year. This was equivalent to earnings per share of ¥150.27 ($1.70), an increase [...]