Japanese automaker Honda Motor Co. reported a 21 percent jump in its profit in the last quarter on cost cuts and healthy motorcycle sales. Tokyo-based Honda, which makes the Fit subcompact, Odyssey minivan and Asimo robot, said Tuesday that its July-September profit of 210.7 billion yen ($1.9 billion), up from 174 billion yen. Quarterly sales edged up nearly 2 percent from a year earlier to 3.84 trillion yen ($34 billion). The manufacturer is forecasting a fall in profit for the fiscal year through March by 36 percent from the previous fiscal year to 675 billion yen ($6.0 billion). The latest profit forecast is still more upbeat than the projection given before by 60 billion yen ($532 million).

Source: ABC News October 30, 2018 07:52 UTC