Tokyo — Honda Motor raised its full-year forecast operating profit forecast on Tuesday, after posting a surprise rise in quarterly earnings due to higher vehicle sales in North America and a rise in motorcycle sales in Asia. Japan’s number three car maker now expects an operating profit of ¥710bn for the year to March 2019, compared to an earlier view of ¥700bn, as it expects to take a smaller hit from a stronger domestic currency. The revised forecast represents a 15% decrease on the year. However, it downgraded its global group vehicle sales forecast as it expects floods in Mexico to cut production by 75,000 units over the year, resulting in lower sales in North America. Honda expects to sell 5.29-million vehicles globally in the year to March, still a record high but lower than a previous estimate for 5.38-million units. For the first quarter, its global vehicle sales rose 3%, lifted by a 7.7% increase in North America, while sales rose 3.2% in Japan. Sales were slightly lower in...

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