Rosy revenues, cloudy outlook: Honda’s quarterlies set the scene for Japanese peers

Today at Aoyama Itchome

Today at Aoyama Itchome

Honda usually is first among Japan’s Big Three automakers to announce quarterly results, and today was no exception to the rule. Honda’s story, told in the ascetical 2nd floor meeting room at Honda HQ in Tokyo, sets the scene for what will play out in the coming days at Toyota, Nissan, and to some degree at Japan’s smaller players: Profits way up due to lower yen, sales up due to the U.S., but held back in China and Southeast Asia, prognosis guarded. [Continue Reading]