Honda (NYSE:HMC) said this past week that its profits for the April to June quarter fell 7% to $1.2 billion. Honda's sales have been pretty good, but its costs are up: It's building several new factories around the world in a bid to increase sales 50% over the next few years.

The benefits of that spending won't reach Honda's bottom line for a few years yet, but how are things looking in the near term? In this video, contributor John Rosevear dives into Honda's latest results, and looks at the outlook for the company over the next few quarters.

Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.