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		</div><p>Japanese carmaker Honda has reported that profit rose 23% in the last quarter, despite a pandemic that has hit businesses around the world.</p>
<p>Tokyo-based Honda said its July-September profit was 240.9 billion yen (£1.77 billion), as the auto market recovered in some parts of the world.</p>
<p>Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations. The situation was also improving from earlier this year, when lockdowns and other problems related to Covid-19 caused disruptions of some production and an inventory crunch.</p>
<p>Quarterly sales slipped to 3.65 trillion yen (£26 billion).</p>
<p>Honda, which makes the Accord sedan, warned that uncertainty remains amid rising Covid-19 cases. But the company stressed it was managing to cling to profitability.</p>
<p>Reflecting that upbeat mood, Honda raised its profit forecast for the fiscal year through to March 2021.</p>
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<p>Honda sold slightly more vehicles in the quarter through to September at 1.25 million, compared with 1.24 million vehicles in the same period of 2019.</p>
<p>But it sold fewer motorcycles at nearly 4.5 million, down from nearly 5.1 million.</p>
<p>Kohei Takeuchi, a senior Honda manager, said much of the damage to sales probably came from the pandemic, though he hesitated to blame the entire decline on the pandemic.</p>
<p>Executive vice president Seiji Kuraishi told reporters Honda is bullish on shifting its line-up to ecological models to keep up with the global efforts to curb carbon emissions and global warming.</p>
<p>Also on Friday, Toyota raised its full-year fiscal forecasts after reporting results that appear to show a gradual but sure recovery. Its profit fell 11% in the last quarter.</p>
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