Honda profits up, but warns on future

Honda's super-happy fourth quarter news was quickly killed with a first half warning. The Japanese auto maker reported net income up 26.9% and revenue up 9.5% in the forth quarter. But Honda predicts, due to slower global economic growth, oil prices and unfavorable currency exchange rates, net income to fall 15.1% for the 6-month period ending September 30, 2005. Honda saw the biggest vehicle sales gains in China, Europe and North America.