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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).

Mazda6, Honda CR-V and an Autoblogger's BMW Z3 | Autoblog Podcast #620

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by West Coast Editor James Riswick and Road Test Editor Zac Palmer. First, they talk about the cars that have been in their driveways, like the Mazda6, Lexus UX 250h and Honda CR-V, as well as Riswick's own BMW Z3 (where he actually recorded the podcast from). Then they discuss the news, which includes car dealers moving to digital commerce and other updates about — you guessed it — coronavirus, and how it's affecting the automotive industry. Finally, they take to Twitter to help a follower choose a weekend convertible for long, isolated drives in this week's "Spend My Money" segment. Autoblog Podcast #620 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2020 Mazda6 Signature 2020 Lexus UX 250h Honda CR-V 1998 BMW Z3 2.8 Virtual dealers Coronavirus update Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Check out the Honda Civic hatchback's shapely rear end

The 10-generation Honda Civic is excellent in all but two areas – performance and utility. The upcoming Si and Type R will satisfy any performance qualms, while Honda will up the utility with its first US-market hatchback in over a decade. Here it is. These images, obtained by the folks at the CivicX forums, are our best look at the hatchback's shapely rear end. Honda kept true to the look of the Civic hatchback prototype shown in Geneva, ditching the twin center-exit exhaust pipes. We're hoping Honda revisits the design on a future Si hatchback, but keeps a similar rear bumper design. The large, black plastic inserts that house the rear reflectors are a more aggressive look than either the Civic coupe or sedan, but aren't flashy or overdone. Weirdly, the rear window reminds us of the Accord CrossTour's back glass, only not ugly. There's a healthy spoiler at the top of the window, along with a similarly sized unit connecting the two taillights. Again, this is mostly like the concept shown in Geneva. What's curious is the date that these images were captured. See, the Civic in the image above is boarding the vehicle carrier M/V Orion Highway. And if we Google the ship, we can see it left Southampton on July 29, stopped in Baltimore – home of an expansive vehicle processing center – on August 8. That means the new Civic Hatch is in the US already. Get excited, Civic fans. Related Video: