2011 Honda Accord Ex-l Coupe 2-door 3.5l on 2040-cars

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Honda reports $1.9 billion profit in first quarter despite sales lag at home

Ford, General Motors and Chrysler have been living in a world of sunshine and buttercups after their April-through-June financials hit the newswire, and Toyota is doing pretty good as well. Honda? Not so much.
While Japan's third-largest manufacturer saw $1.9 billion in profits, the 5.1-percent jump was lower than expected thanks to a drop in its home-market sales. US sales also took a sting, as Honda hasn't been able to match the SUV and truck demand that are currently permeating the American market, despite an uptick in Accord sales.
Honda's initial forecasts targeted a take of 209.3 billion yen ($2.1 billion at today's rates), and while a $200 million shortfall is nothing to sniff at, we'd hardly take this as Honda being in trouble. And even with the dip, Honda hasn't adjusted its forecast for the fiscal year, which remains at 780 billion yen ($7.9 billion).

China's auto sales continue to drop

The days of unending growth of carmakers in China look to be over, and some analysts are even forecasting a net drop in volume this year, The Detroit News reports. After falling numbers in June and July, the China Association of Automobile Manufacturers tallied total sales, including trucks and buses, in August to 1.7 million, down 3 percent from 2014. There were some tiny specs of good news in China, but there's no turnaround in sight. Total vehicle sales from January to August are actually still up but only 2.6 percent. Like the rest of the world, SUVs are booming with numbers up 45.6 percent from the previous year. Honda managed a very impressive 50.7 percent gain on the strength of the CR-V and Vezel (the HR-V here), according to The Detroit News. Also, the country's domestic automakers, which generally offer less expensive products, posted a 2.5 percent growth in sales. The news continues to look bad for Detroit's automakers, though. Volume from General Motors dropped 4.8 percent in August, and Ford fell 3 percent in August. Both of them have invested significant amounts there in the past years. The vehicle industry in China grew last year, but there was burgeoning evidence of weakness. At the end of 2014, dealers there pushed back against huge inventories pushed by automakers. Even before the big drops began in June, GM saw the writing on the wall and started cutting prices. BMW responded to the slump by cutting back production to deal with the changing demand. News Source: The Detroit NewsImage Credit: Mark Schiefelbein / AP Photo BMW Ford GM Honda Car Buying

Honda and Acura EVs will officially adopt the Tesla NACS port in 2025

Honda and Acura are the next manufacturers to jump on the NACS bandwagon, and while we heard the first official rumblings in Monterey, today is Honda’s (and AcuraÂ’s) official announcement. The first EV that Honda will launch with the NACS port will be in 2025. Just like every other automaker making the switch, Honda says it reached an agreement with Tesla to adopt the charging port. After that first Honda with the NACS port launches, every new Honda and Acura EV model in North America will have the same port. However, just like many others, Honda and Acura will have EVs on sale prior to 2025 that will ship with the current Combined Charging System (CCS) port. These models will be designed to be compatible with NACS use via a charging adapter, so youÂ’ll ultimately be able to charge them via Tesla Superchargers one day. Outside of this Tesla NACS agreement, Honda says the news today doesnÂ’t change its joint venture with seven other automakers to build an EV charging network and expand the number of charging stations available for all. Related video: What's new for the 2023 Honda Accord