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Honda posts record profit, issues cautious forecasts

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Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year. On Friday, Honda said global vehicle sales were up, thanks largely to its vehicles' popularity in the United States.

Honda has made big outlays as it aggressively pursues an ambitious target of acheiving 100 percent electric vehicle sales. Photo: Richard A. Brooks / AFPJapanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year.

Honda has made big outlays as it aggressively pursues a target set three years ago of achieving 100 percent electric vehicle sales by 2040.

 

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