SHIFTING GEARS: Honda's January-March profit rose 61 percent as the Japanese automaker sold more cars and motorcycles in a turnaround from a disaster-battered 2011. It forecast record global sales of 4.3 million vehicles for this fiscal year.
STRONG MARKETS: Tokyo-based Honda's quarterly sales improved 8.7 percent to 2.41 trillion yen ($29.7 billion), mainly because of rising sales in Japan and North America.
MORE GOOD NEWS? The recovery tale is likely to be repeated at other Japanese automakers. Japan's No. 1 carmaker Toyota Motor Corp. reports earnings May 9. Nissan Motor Co., the nation's No. 2 automaker, reports May 11.