1994 Acura Integra on 2040-cars

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Honda profit declines on semiconductor crunch and raw material costs

TOKYO — HondaÂ’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit totaled 149.2 billion yen ($1.1 billion) in the April-June quarter, down from 222.5 billion yen ($1.7 billion) a year earlier. Quarterly sales slipped 7% to 3.8 trillion yen ($28 billion). Honda kept its profit forecast for the full fiscal year through March 2023 unchanged at 710 billion yen ($5.3 billion). The semiconductor shortage has hurt all the worldÂ’s automakers, including Honda, despite strong demand, and the manufacturers have been scrambling to secure alternative suppliers. Honda, which makes the Accord sedan, Odyssey minivan and Civic compact, sold about 815,000 vehicles last quarter, down from 998,000 vehicles the same period a year earlier. Auto sales dropped in almost all regions around the world, including Japan, the U.S. and Europe. “I ask for the understanding from all those who are still waiting for their vehicles and vow that our whole company is doing its utmost to make the deliveries even a day sooner,” Chief Financial Officer Kohei Takeuchi said. Takeuchi said the semiconductor shortage curtailed motorcycle production as well as car production, adding to uncertainty about future prospects. Honda said the recent lockdown in Shanghai was among the causes of the shortage in computer chips supply but declined to give specifics. Although U.S. sales are potentially facing a dent from recession worries and other economic hardships, Takeuchi acknowledged he was more worried about the shortage problem and producing the cars customers were waiting for. Takeuchi noted that motorcycle sales for the quarter, which grew to 4.25 million motorcycles from 3.88 million a year earlier, were going strong, especially in India. The cheaper yen and cost cuts helped maintain profitability overall, he added. The yen has been at a two-decade low against the U.S. dollar. A cheap yen has historically worked as a boon for exporters like Honda by boosting the value of their overseas earnings when converted into yen. But it also increases costs for imported components and materials. JapanÂ’s top automaker Toyota Motor Corp. reported recently that its fiscal first quarter profit fell nearly 18%. Nissan Motor Co. saw its quarterly profit plunge to less than half of what it was a year earlier.

Junkyard Gem: 1987 Acura Legend Sedan

Honda beat Toyota and Nissan in the race to bring a luxury marque to North America, introducing us to the Acura brand for the 1986 model year. Acura shoppers could buy a luxed-up, more powerful Civic (the Integra) that year, while the real high-rollers went for a smooth-looking, V6-powered luxury sedan co-developed by Rover and Honda: the Legend. That was quite a leap for a company that had been selling tiny cars with two-cylinder motorcycle engines just 15 years earlier, but the 1973-1985 period had been spectacularly good times for Honda. The early Legend sold very well in California, and that's where I found this high-mile '87 a couple of months back. While the Legend had the same underlying chassis structure and engine family as the Rover 800 (known as the Sterling in North America), the Honda-grade build quality and non-Lucas electrical components of the Legend meant that it outlasted its Rover cousins by decades and hundreds of thousands of miles. This one didn't quite make it to 300,000 miles, but 281,032 miles blows away the readings I see on most 1980s junkyard cars not made by Mercedes-Benz. It's hard to imagine a prestigious luxury sedan with three pedals these days, but plenty of the early Legends were sold here with the five-speed manual transmission. Starting in the early 1990s, though, nearly all U.S.-market Legends had slushboxes (though the manual could be had all the way through the final Legends of 1995). Every Legend ever made came with a V6 engine. This car has a 2.5-liter DOHC rated at 151 horsepower, while the 1987 Legend coupe got a 2.7 making 161 horses. Other than the worn-out front seats, the interior in this car looked fairly decent when it arrived in its final parking space. Most super-high-mile cars I see in junkyards aren't very trashed-looking, presumably due to owners who took good care of them for decades (I do see the occasional exception to this rule, of course). The body shows no rust, as you'd expect in California, but the paint hasn't fared so well over its 33 years. It's the performance sedan making European automakers uncomfortable. Unlike many of the wild Japanese-market car ads of the 1980s, Honda pitched the JDM Legend in a most dignified manner. Featured Gallery Junked 1987 Acura Legend Sedan View 15 Photos Auto News Acura Automotive History Classics Acura Legend

2023 Acura Integra w/ CVT starts just under $32,000

Pricing for the 2023 Acura Integra is out, and it's unsurprisingly a fair bit more expensive than the Civic it's based on. The base model starts at $31,895 including the $1,095 destination charge. The base version comes only with a CVT, as does the next highest A-Spec trim. To get a manual transmission, you'll have to fork over $36,895 for the top A-Spec with Technology. Fortunately, the manual isn't any more expensive than the CVT version. The full pricing breakdown is below. Integra: $31,895 Integra A-Spec: $33,895 Integra A-Spec with Technology Package: $36,895 The base model comes well equipped. Standard features include LED lighting, a sunroof, heated seats with power adjustment on the driver side, an eight-speaker sound system, 10.2-inch instrument display, 7-inch infotainment screen and Apple CarPlay and Android Auto. The standard safety feature list is quite good with adaptive cruise control with lane-keep assist and stop-and-go (the latter on CVT only), blind-spot monitoring and automatic emergency braking. And all Integras come with the same turbocharged 1.5-liter four-cylinder making 200 horsepower and 192 pound-feet of torque. They also have two years of free scheduled maintenance (oil changes, tire rotations and inspections). The A-Spec model mainly adds the sporty A-Spec appearance package, while the A-Spec with Technology Package adds quite a few more features. It includes adaptive suspension with adjustable stiffness, a larger 9-inch infotainment screen, ambient interior lighting, leatherette and faux suede upholstery, power adjustment on both front seats, a 16-speaker sound system, wireless Apple CarPlay and Android Auto, wireless phone charging and more USB ports. And of course that top trim is available with a six-speed manual, which also adds a mechanical limited-slip differential like in the Honda Civic Si. Related Video: 1999 Honda Civic Si | Retro Review