Transportation
Honda to Boost Buybacks, Sees Another Record Profit on Hybrids
- Profit led by car sales in US and Japan, motorcycles in Asia
- Hybrids lifting earnings but EV strategy unchanged, CEO says
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Honda Motor Co. forecast another year of record profit on solid demand for hybrids in the US and two wheelers in Asia.
Japan’s second-largest automaker said it expects an operating profit of ¥1.42 trillion ($9.1 billion) for the year through March 2025, mostly in line with the market’s consensus of ¥1.43 trillion and above its own February projection of ¥1.25 trillion.