Honda quarterly profits jump

Honda’s January-March profit jumped 61% as the Japanese car maker sold more cars and motorcycles in a turnaround from a disaster-battered 2011.

Honda today reported a net profit of 71.5bn yen (€670m) for the fiscal fourth quarter, up from 44.5bn yen a year earlier.

The results underline a recovery from the sales plunge that hit last year after the March 11 earthquake and tsunami disrupted the supply of car parts from north-eastern Japan.