F&I Management & Training

Japanese carmaker Honda has reported a profit for the first three months of 2010, following losses a year ago.

The company said it made a net profit of 72bn yen (£507m; $772m) between January and March, with sales up 28%.

A recovery in the major US and Japanese car markets helped Honda, as well as expansion in developing markets including China.

Honda also announced that it expected annual profits for the year as a whole to be up 10%.