Honda's Jan-Nov China sales up 23 pct, lag market
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Honda Motor's  China vehicle sales rose 23.2 percent from a year earlier in the first 11 months of 2006, lagging the growth of the overall market.
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Sales at retailers rose 0.3 percent  in January, which was an unexpected pickup that partly  reflected stronger sales of new cars and gasoline, according to  a Commerce Department report on Wednesday.
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Toyota Motor Corp. and Nissan Honda Co. led Asian automakers to a record share of the US market in October as improved quality and fuel efficiency bolstered demand for their newest car and light truck models.
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TOKYO: Honda Motor Co forecast yesterday another year of record car and motorcycle sales in 2005, when it will remodel its flagship Civic car and enter new vehicle segments such as the popular pick-up sector in the United States.
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Tokyo's Nikkei share average gained 0.94  percent on Thursday, with carmakers such as Honda Motor Co.  7267.T buoyed by a weaker yen, while banks extended recent  gains as investors cheered progress in their handling of bad  loans.
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Honda Motor Co. (7267.T) will build a  second car plant in Thailand and a new motorcycle factory in  Vietnam as well as boosting capacity in other regions to meet  growing demand abroad even as the Japanese market shrinks.
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Sales at retailers unexpectedly rose  0.3 percent in January, partly reflecting stronger sales of new  cars and gasoline, according to a Commerce Department report on  Wednesday.
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Asian shares rose on Thursday, led by  exporters such as Honda and Samsung and resource stocks, after  upbeat U.S. growth data eased worries about the health of the  economy in Asia's biggest export market.
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Honda Motor Co Ltd (7267.T)  is  on track for a 3 percent increase in U.S. sales in 2007, an  executive said on Friday, but he also called on the Federal  Reserve to cut interest rates to boost consumer confidence.
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Honda Motor Co.  posted a smaller-than-expected rise in quarterly profit, helped by brisk sales in Europe and a weak yen that offset a dip in U.S. sales -- where Honda could not keep up with demand -- and nudged its full-year forecast higher.
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Exporters such as Honda Motor Co. led gains in Asian shares on Monday as a rebound in the U.S. dollar eased concerns over corporate profits.
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Honda Motor Co. said Tuesday it expects worldwide sales to rise 5 percent to an all-time high of 3.55 million vehicles this year amid booming overseas demand.
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The nation's two biggest automakers, General Motors Corp. and Ford Motor Co. , reported soft sales in January while DaimlerChrysler AG's Chrysler Group and Japan's Toyota and Nissan reported healthy gains in their US sales.
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Japan's third-ranked automaker Honda Motor said sales hit a record high in the six months to September but the profit performance was undercut by a stronger yen while record oil prices are a problem going forward, especially in the key US market.
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TOKYO Honda Motor said Monday that it expected to sell a record 3.4 million vehicles next year, as demand for new models including the revamped Civic increases sales by 8 percent.
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China's global trade surplus in January rose 22.7 percent compared with the year-earlier period to $19.5 billion, a state news agency reported Friday.
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TOKYO : Japanese automaker Honda is to spend 340 million dollars to quadruple capacity at its joint plant with Dongfeng Motor in Wuhan, China, to 120,000 units by 2006.