Honda: possible to make $1.1bln quarterly profit

TOKYO, Feb 3 (BestGrowthStock) – Honda Motor Co (7267.T: ) thinks it
can make 100 billion yen ($1.1 billion) in quarterly operating
profit on average in the current market conditions, Executive
Vice President Koichi Kondo said on Wednesday.

However, Kondo expressed concern about the impact that the
huge recall by rival Toyota Motor Corp (7203.T: ) could have on
consumer sentiment towards Japanese cars.

He said that while the firm’s finance division had gotten an
unusually big lift in the most recent quarter, the sales trend
pointed to a further recovery in the 2010/11 financial year.

He also said that industrywide car sales in the U.S. are
likely to come to about 12 million units this year.

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(Reporting by Chang-Ran Kim)

Honda: possible to make $1.1bln quarterly profit