Honda's Profit Climbs on Growing Sales, Cost Cutting

Japanese automaker Honda Motor Co. reported a 12 percent rise in its January-March profit thanks to growing sales and cost cutting. Tokyo-based Honda said Friday it posted a January-March profit of 107.7 billion yen ($988 million), up from 95.9 billion yen a year earlier. Honda, which makes the Odyssey minivan and Asimo robot, says the results were achieved despite some unfavorable currency moves.