| Honda Still on Track for India Brio Launch and Ford’s Russian Partner Sollers Narrows 2010 Loss as Sales Rise |
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Honda Motor Co., Ltd. (NYSE:HMC - News) today announced its consolidated financial results for the fiscal fourth quarter and the fiscal year ended March 31, 2011.Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal fourth quarter ended March 31, 2011 totaled JPY 44.5 billion (USD 536 million), a decrease of 38.3% from the same period last year. Basic net income attributable to Honda Motor Co., Ltd. per common share for the quarter amounted to JPY 24.72 (USD 0.30), a decrease of JPY 15.06 from JPY 39.78 for the corresponding period last year. One Honda American Depository Share represents one common share. [Read the full article] Ford Otomotiv Sanayi AS (FROTO), the Turkish unit of Ford Motor Co. (F), said first-quarter profit more than doubled as sales surged. Net income rose to 142.8 million liras ($94 million) from 71.1 million liras in the first quarter of last year, Ford Otosan said in a filing with the Istanbul Stock Exchange today. Sales jumped 60 percent to 2.23 billion liras compared with a year previously. Ford's market share was 14.6 percent at the end of March, it said. Ford Otomotiv Sanayi AS (FROTO), the Turkish unit of Ford Motor Co. (F), said first-quarter profit more than doubled as sales surged. Net income rose to 142.8 million liras ($94 million) from 71.1 million liras in the first quarter of last year, Ford Otosan said in a filing with the Istanbul Stock Exchange today. Sales jumped 60 percent to 2.23 billion liras compared with a year previously. Ford's market share was 14.6 percent at the end of March, it said. [Read the full article] 
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