Japan's second largest automaker Honda Motor Co. on Thursday reported record net profit for the six months to September and revised up its full-year forecast on strong sales overseas.
Honda is one of the pioneers of environmentally friendly cars, which have proven to be major hits, particularly in the United States, at a time of soaring oil prices.
"Our cost-cutting efforts in all of our business offset the negative effect from the foreign exchange rate and high prices of resources," Fumihiko Ike, a Honda managing director, told a news conference.
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