Honda posts 28% increase in profits

Honda posts 28% increase in profits

Honda has now joined automakers like Kia and Ford by posting solid profits during the fourth quarter of the company’s fiscal year. Now successfully weathering the economic recession storm, Honda has managed to see profits rise by 28 percent over the same period last year. This announcement marks the fourth-straight quarter of profits for the company a operating loss at the end of March, 2009. The reason behind the recent profits could be put down to hybrid sales.

In the Japanese domestic market, sales have been bolstered by the incredibly popular CR-Z Hybrid (pictured). Honda has already received over 7,000 orders for the two-door hatchback, which accounted for more than half of the vehicles the company had planned on selling in its home market.

Honda also claims its quick recovery is helped by having a range comprised mostly of fuel-efficient vehicles, something buyers in a global recession appreciate. After this good news, Honda expects to see growth continue through the rest of 2010.

Honda has now joined automakers like Kia and Ford by posting solid profits during the fourth quarter of the company’s fiscal year. Now successfully weathering the economic recession storm, Honda has managed to see profits rise by 28 percent over the same period last year. This announcement marks the fourth-straight quarter of profits for the company a operating loss at the end of March, 2009. The reason behind the recent profits could be put down to hybrid sales.

In the Japanese domestic market, sales have been bolstered by the incredibly popular CR-Z Hybrid (pictured). Honda has already received over 7,000 orders for the two-door hatchback, which accounted for more than half of the vehicles the company had planned on selling in its home market.

Honda also claims its quick recovery is helped by having a range comprised mostly of fuel-efficient vehicles, something buyers in a global recession appreciate. After this good news, Honda expects to see growth continue through the rest of 2010.

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