Tuesday, July 24, 2007

Honda, Riding `Buzz' From New Accord, May Win Investors as Toyota Stalls

(Bloomberg) -- Shares of Toyota Motor Corp.
outperformed those of Honda Motor Co. in the first half of the
year on rising U.S. sales. Now it may be Honda's turn.

Japan's second-largest carmaker will reap bigger gains than
Toyota from a weaker-than-forecast yen and higher demand for
more fuel-efficient vehicles in the U.S., said Jeffrey Scharf,
president of Scharf Investments, a $660 million fund in Santa
Cruz, California. Honda also predicts sales will rise with the
September release of a new Accord sedan, its top-selling model.


Read more at Bloomberg Exclusive News

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