Honda Motor yesterday displayed resilience amid an industry crisis that has bankrupted two US competitors and dragged local rivals deep into the red, as it trebled its net profit forecast for the year to Y155bn ($1.7bn).
Japan's second-biggest carmaker, which is alone among the top three Japanese producers in forecasting a profit for the year to March, now expects to increase its earnings by 13 per cent year on year.
Honda has weathered the recession better than rivals Toyota Motor and Nissan Motor thanks to its focus on small, fuel-efficient cars and motorcycles, sales of which have fallen less sharply than those of larger cars.
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