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Honda Makes Speedy Recover

  • Reuters, Monday, August 1, 2011 9:16 AM
Honda Motor has made a much faster recovery from the business effects of the March earthquake and tsunami with an unexpected quarterly profit, and raised its annual outlook by more than a third, recovering from a parts shortage. The company reported a 90% fall in quarterly operating profit on Monday after having suffered the biggest production drop by any Japan-based carmaker.

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