Honda’s quarterly profit quadrupled to 131.
7 billion yen ($1.7 billion) as the Japanese automaker bounced back from last year’s natural disasters with more vehicles sold across all key regions except for Europe.
Tokyo-based Honda Motor Co., which makes the Fit subcompact, Odyssey minivan and Asimo walking robot, said Tuesday its April-June quarter sales surged 42% to 2.44 trillion yen ($31.2 billion). Vehicle sales doubled in the key markets of Japan and North America, but were weak in Europe where austerity measures to tackle the region’s debt crisis have crimped demand. Honda reported global sales of 849,000 vehicles for the quarter, up from 458,000 a year earlier.