subject: Evcarco And Honda Motor Update From Pennytobuck.com [print this page] EVCARCO (OTC:EVCA)s CEO Dale Long, STATED, FROM THE EVENT IN ORANGE COUNTY, This auction attracts automotive enthusiasts from across the globe as well as International media, this is the perfect Kickoff event to launch our relationship with duPont Registry. The Tazzari-Zero is a highly unique all electric prestige statement and it gained significant attention at this event. We were proud to showcase this all electric vehicle at this spectacular event.
This event is one of the only auctions in the world to have live national coverage as The SPEED Channel provided 18 hours of live, high-definition TV coverage during the three-day auction. The event was one of the first in a series of high profile events launched by EVCARCO for corporate and public attention.
STATEMENT FROM BARRETT-JACKSON CEO CRAIG JACKSON ISSUED REGARDING THE ORANGE COUNTY EVENT:
Barrett-Jackson is excited to kickoff our inaugural Southern California automotive lifestyle event with such an exciting docket of collectible cars, said Craig Jackson, Chairman/CEO of Barrett-Jackson. Our Orange County event will offer high octane energy and excitement unlike anything Southern California has seen.
Barrett-Jackson is also offered a week-long list of activities for individuals of all ages. The event will encompass the OC Fair & Event Center grounds and include the famous collector car auction, sponsor promotions and displays, vendors, exhibitors, interactive demonstrations, parties and other festivities.
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Honda Motor Co., Ltd. (NYSE:HMC) recently reported its consolidated financial results for the fiscal first quarter ended June 30, 2010.
First Quarter Results
Honda's consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal first quarter ended June 30, 2010 totaled JPY 272.4 billion (USD 3,080 million), an increase of JPY 264.9 billion from the same period in 2009.
Consolidated operating income for the quarter totaled JPY 234.4 billion (USD 2,650 million), an increase of 831.7%, due primarily to the positive impact of increased revenue and model mix, reduction in vehicle costs as a result of increased production and continuing cost reduction efforts, despite increased R&D expenses and the unfavorable impact of currency effects.
Motorcycle unit sales totaled 2,887 thousand units, an increase of 28.2% from the same period last year.
Outside of Japan, total unit sales was 2,842 thousand units, an increase of 28.8% from the same period in 2009*, due mainly to increased unit sales in Asia, especially in India, Indonesia and Thailand, and Other regions including South America.
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