2007 Honda Cr-v Ex Sport Utility 4-door 2.4l 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.

2016 Honda Civic colors and interiors leaked

UPDATE: Honda enthusiast forum Temple of VTEC also reported the 2016 Civic color information. We're just a short time away from our first test of the new Honda Civic, which should be when we get the full slate of details. We are, however, impatient and imagine that you are, too. That's why we're stoked about a discovery from 10thCivicForum.com, which shows the entire interior and exterior color slate, along with their specific combinations. There will be nine exterior paint colors, including some that fans of the current Civic will be familiar with. Taffeta White, White Orchid Pearl, Crystal Black Pearl, Modern Steel Metallic (shown above), are all carry overs from the current-gen four-door, while Rallye Red is an addition from the current two-door Civic. Other colors can be found on other products in the Honda catalog, including Lunar Silver Metallic from the Accord and Aegean Blue Metallic from the Fit. New shades include Cosmic Blue Metallic and Burgundy Night Pearl. Every color will be offered on every trim, except for Taffeta White, which is only offered on the basic 2.0-liter LX model. The interior colors are, of course, more predictable. You can choose from black, gray, or ivory. Exciting, we know. You can check out the entire color matrix, which breaks down which interior colors pair with which paints on the entire Civic range, over at 10thCivicForum.com. Check it out, and keep an eye out for our first drive of the latest Civic Sedan, coming soon.

2015 Honda Fit delayed until June for quality checks

If you are looking forward to the launch of the 2015 Honda Fit and can't wait to buy one, we have some bad news. Honda is holding off on sales a little longer to make sure everything is just right. The brand's latest subcompact was originally scheduled to start arriving at dealers this spring, but the introduction was delayed due to issues at Honda's new factory in Celaya, Mexico.
Consumer Reports learned of the delayed launch when the Fit it ordered didn't arrive on time. It contacted Honda and was told that the problem had to do with a "shipping delay nationally." The company was taking "a measured approach" to getting the new models out of the new factory, thus delaying shipment to dealers until June.
Honda spokesperson Steve Kinkade gave a few more details about the situation to Autoblog. He indicated that the factory in Mexico is new and is producing these vehicles for the first time. Therefore, the company is taking the extra time "to do a final verification on quality," said Kinkade. He also confirmed the delay until the second week of June.