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Honda's profit plunges due to Japan disaster

This undated photo made available by Honda shows the 2011 Honda Civic EX Sedan. (Honda Motor Co.)

August 1, 2011 12:00:00 AM PDT
Honda's quarterly profit plunged nearly 90 percent to $406 million because of damage from the earthquake in northeastern Japan.

Honda Motor Co.'s April through June profit was just a fraction of what it posted a year earlier.

But Japan's No. 3 automaker said it managed to hold up despite the March 11 quake and tsunami, in part due to its growing motorcycle business.

Tokyo-based Honda did raise its full year forecasts.

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