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Honda reports $2.3 billion profit despite pandemic

TOKYO — Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world. Tokyo-based Honda said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world. Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations. The situation was also improving from earlier this year, when lockdowns and other problems related to COVID-19 caused disruptions of some production and an inventory crunch. Quarterly sales slipped to 3.65 trillion yen ($35 billion) from 3.73 trillion yen the same period a year earlier. Honda warned that uncertainty remains amid rising COVID-19 cases. But the company stressed it was managing to cling to profitability. Reflecting that upbeat mood, Honda raised its profit forecast for the fiscal year through March 2021 to 390 billion yen ($3.8 billion) from an earlier projection for 165 billion yen ($1.6 billion). The latest forecast is still lower than the 455.7 billion yen profit Honda booked in the previous fiscal year. Honda sold slightly more vehicles in the quarter through September at 1.25 million vehicles, compared to 1.24 million vehicles in the same period of 2019. But it sold fewer motorcycles at nearly 4.5 million motorcycles, down from nearly 5.1 million. Kohei Takeuchi, a senior Honda manager, said much of the damage to sales likely came from the pandemic, though he hesitated to blame the entire decline on the pandemic. Executive Vice President Seiji Kuraishi told reporters Honda is bullish on shifting its lineup to ecological models to keep up with the global efforts to curb carbon emissions and global warming. Also Friday, Toyota raised its full year fiscal forecasts to a 1.4 trillion yen ($13.5 billion) profit, after reporting results that appear to show a gradual but sure recovery. Its profit fell 11% in the last quarter. Nissan reports financial results next week. Related Video: Earnings/Financials Acura Honda

Acura NSX production car headed for Detroit debut?

Auto Express is reporting that Honda is set to unveil the production version of its upcoming Acura NSX at the 2013 Detroit Auto Show. The news comes courtesy of an unnamed "top exec" for Honda Brazil speaking at the Sao Paulo Motor Show. The concept version of the Japanese supercar is currently on display there. Interestingly enough, the same unnamed source claims the production iteration will remain aesthetically identical to the show car. You won't hear any qualms from us on that front.
Of course, the timing of the production debut is a little confusing. For starters, when Acura unveiled the concept last year, the company told the world it would be at least three years before production began. That would give the street-worthy model a 2014 or 2015 designation, the latter being cited more often in media accounts. Thus, we'll keep an eye out for the hybrid supercar in Motown, but we're going to stop short of holding our breath... it might be a while.

Honda's Uni-Cub hacked to be a boombox and a personal guide

Honda has a history of developing technology that strays from its famous car and motorcycle lines. A few years ago, the company added to that legacy of gadgets that aren't cars by introducing the Uni-Cub personal mobility device. It was more or less a Segway that did away with the whole standing thing, meaning that riders simply had to sit down and lean in whatever direction they wanted to go. That's all well and good, but Honda wanted to see what else the device could be used for, so the company updated the mobility chair to allow other people to code applications for it. Then Honda hosted a hack-a-thon for people to come out and see what they could do with it. Based on the video above, it seems plenty of people have ideas for the little wheeled wonder. One team developed the perfect party companion by attaching a speaker to the Uni-Cub and creating an app that would let people upload tracks to a playlist from their phone. And since the Uni-Cub is mobile, it can bring the tunes to wherever the people are. All it needs now are some cup holders. Another team developed a way to get people around new, confusing office buildings by turning the Uni-Cub into a guide. Upon entering a building, a person can request a Uni-Cub to come pick them up and then hop on to take a ride to their destination. The Uni-Cub can then return to its home base, and, if the person programs it ahead of time, can return on its own to take the user back to the entrance. Of course this would mean no more excuses to showing up late to a meeting. None of these ideas are planned for any sort of production, but they certainly are interesting. That said, our favorite Uni-Cub application remains the video for OK Go's "I Won't Let You Down". You should probably just go watch that one again. Related Video: Image Credit: Honda Auto News Green Honda Technology Videos personal mobility honda uni-cub