<p>Honda Motor Co, the manufacturer of the Insight hybrid, Accord sedan and Asimo human-shaped robot, reported Friday a net profit of 135.93 billion yen ($1.68 billion) for July-September compared with 54 billion yen earned the same period in 2009.<br /><br />Tokyo-based Honda raised its profit forecast for the full year through March 2011 to 500 billion yen ($6.2 billion) from its earlier projection of 455 billion yen ($5.6 billion). That would mark an 86 per cent jump from the previous year.<br /><br />The results show the resilience of the Japanese automaker amid a battering from a plunging dollar, which erodes the value of overseas earnings of Japan’s exporters. Quarterly sales rose 9.5 per cent to 2.252 trillion yen ($27.9 billion) on solid global demand for Honda vehicles. Honda sold 898,000 vehicles during the quarter globally, up 7.2 per cent from the previous year.</p>
<p>Honda Motor Co, the manufacturer of the Insight hybrid, Accord sedan and Asimo human-shaped robot, reported Friday a net profit of 135.93 billion yen ($1.68 billion) for July-September compared with 54 billion yen earned the same period in 2009.<br /><br />Tokyo-based Honda raised its profit forecast for the full year through March 2011 to 500 billion yen ($6.2 billion) from its earlier projection of 455 billion yen ($5.6 billion). That would mark an 86 per cent jump from the previous year.<br /><br />The results show the resilience of the Japanese automaker amid a battering from a plunging dollar, which erodes the value of overseas earnings of Japan’s exporters. Quarterly sales rose 9.5 per cent to 2.252 trillion yen ($27.9 billion) on solid global demand for Honda vehicles. Honda sold 898,000 vehicles during the quarter globally, up 7.2 per cent from the previous year.</p>
