CHICAGO Honda Motor Co.
Ltd. recorded a 26.3-percent year-over-year increase in revenue
in its North America segment in its fiscal third quarter.
The gain in North American
revenue to $13.6 billion reflected a 24-percent increase in
North American sales to 454,000 passenger cars and light trucks
during the three months ended Dec. 31.
The Tokyo-based automaker said
higher selling, general and administrative costs cut into its
For the nine months ended Dec.
31, North American automotive sales jumped 52.1 percent to
1,308,000 vehicles, and revenue of $38.4 billion was up 39.8
percent from the same period a year earlier.
Operating earnings in North
Americaa figure that includes the automotive, motorcycle,
power product and financial services businessesfell 5.3
percent during the fiscal third quarter but rose 27.5 percent
during the nine-month period ended Dec. 31, Honda said.
Globally, the Tokyo-based
company saw quarterly profits jump 62.5 percent from a year
earlier on a 24.9-percent gain in revenue, while nine-month
profits more than doubled on a 28.7-percent improvement in
Nine-month vehicle sales in
Europe improved 7.1 percent for Honda, while unit sales rose
36.3 percent in Japan and were up more than 40 percent in the
rest of Asia.
Honda said the dramatic
improvement in global sales and profits came on a recovery in
production after flooding shut down plants in Thailand in 2011.
Other factors included cost reductions and a favorable model
mix, the company said.