Despite Crash, Honda Makes Money On Cars -- Three Others Forecast Improving Sales Climate

Summary

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DETROIT - Of the four big automakers that reported earnings Wednesday, only Honda Motor Co. made any money, but others reported that cash-for-clunkers incentives had boosted sales and they held out hope that the global auto recession may have bottomed out.

Honda, Japan's No. 2 automaker, bucked expectations of losses in the April-June period, posting a $79.8 million profit Wednesday. It raised forecasts for the full year on optimism auto sales will improve.

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Despite Crash, Honda Makes Money On Cars -- Three Others Forecast Improving Sales Climate

But Japanese competitor Nissan Motor Co., as well as Germany's Daimler AG and France's PSA Peugeot Citroen, all posted losse...

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