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Profit at Honda doubles on strong global sales of cars and motorcycles

TOKYO — Honda reported Wednesday that its April-June profit more than doubled on healthy sales of its motorcycles and cars, as the Japanese company also received a perk from favorable exchange rates. Honda Motor Co. said its fiscal first quarter profit totaled 363 billion yen ($2.5 billion), up from 149 billion yen. Quarterly sales jumped 21% to 4.6 trillion yen ($32 billion). HondaÂ’s financial service division also reported growing sales. Honda said its profitability improved, especially in North America, where production recovered. Automakers around the world were slammed by supply shortages because of production delays related to social restrictions caused by the COVID-19 pandemic. But such restrictions have eased, allowing production to pick up again. Auto sales were about the same in Japan in the latest quarter as in the previous year, while dropping significantly in China because of intense competition from makers of battery electric vehicles, Honda said. Honda is banking on growth in EVs in the U.S. market, where it recently announced it is joining six other companies in the creation of a high-powered charging network across North America. Worries about climate change have helped set off a dramatic shift in the auto industry toward battery electric vehicles, allowing for relative newcomers like Tesla and BYD to prosper, while catching some Japanese makers off guard with their hybrids and regular gasoline-powered models. Honda said a computer chip shortage crimped its motorcycle sales in India, while sales rebounded in Indonesia as production recovered. Honda said it sold 901,000 vehicles in the latest quarter, up from 815,000 a year earlier. It also sold more motorcycles worldwide at nearly 4.5 million, up from 4.2 million. Honda added 23 billion yen ($160 million) to its quarterly operating profit because of the impact of currency exchange rates. A weaker yen, trading lately at about 143 yen to the U.S. dollar, is a boon for Japanese exporters by boosting the amount of its overseas earnings when converted into yen. Honda stuck to its full year projection of an 800 billion yen ($5.6 billion) profit, up from 651 billion yen a year earlier. Honda shares slipped 0.9% on the Tokyo Stock Exchange. Related video: Earnings/Financials Acura Honda

Honda recalls Accord to replace airbag control unit

The Basics: Honda will recall 341,444 examples of the 2008-2010 Accord sedan in the US. The Problem: Moisture can enter the supplemental restraint system electronic control unit and cause corrosion. Over time, this could cause the part to fail, which might prevent the airbags from deploying in a crash. Injuries/Deaths: Honda confirms two injuries from this problem. The Fix: Dealers will replace the supplemental restraint system electronic control unit. If You Own One: Honda won't begin the recall until fall 2016 because of the large number of vehicles that will need the repair. The company will inform owners about the problem by mail in mid-March and will notify them again when the parts are available. However, if owners see the supplemental restraint system warning light illuminate before the recall begins, they can visit a dealer for a diagnostic check. If technicians find the problem, then they can replace electronic control unit immediately from Honda's limited supply of replacement parts. Related Video: Statement by American Honda Regarding SRS Electronic Control Unit Recall: 2008-2010 Honda Accord Sedan Feb 3, 2016 - TORRANCE, Calif. Approximately 341,000 Accord Sedans affected in the United States The SRS electronic control unit will be replaced, free of charge Two injuries have been confirmed related to this issue American Honda will voluntarily recall approximately 341,000 Honda Accord Sedans from the 2008-2010 model years in the U.S. to replace the Supplemental Restraint System (SRS) electronic control unit. Manufacturing process issues may allow moisture to enter the circuitry within the SRS electronic control unit, which, over time, can cause corrosion and eventual malfunction of the unit. If the SRS control unit fails from this scenario, the SRS indicator will illuminate on the vehicle's dashboard, and, in the event of a vehicle crash, the airbags may not deploy, increasing the risk of injury. Honda has confirmed two injuries related to this issue. A new SRS control unit will be installed in affected vehicles, free of charge. However, due to the large volume of new parts needed to repair affected units, the necessary parts will not be available until fall 2016. As a result, owners of affected vehicles will be informed of the recall in an initial mailed notification letter in mid-March 2016. A second notification letter will be sent to inform owners when parts become available.

2016 Honda Civic Coupe First Drive

[A Honda spokesperson confirmed to Autoblog today that the Honda Civic Coupe equipped with the 2.0-liter engine, which is reviewed below, is not affected by the engine-assembly issue that is at the heart of the stop-sale order currently affecting Civic Sedans. That particular issue was corrected before the Coupe began production. We expect to have more news about a recall involving the 2.0-liter Civic Sedans as soon as the NHTSA officially responds to Honda. - Ed.] Let's not beat around the bush – mechanically, this Honda Civic Coupe is the same as the new-for-2016 sedan, minus a couple of doors. For a lot of consumers, that lack of utility is a big problem, and it's why compact sedan-based coupes are a dying breed. Why spend the same amount of money on a car that drives identically but is less practical? But in the case of the Civic Coupe, we offer this: When a car looks this good, screw logic. The new Civic is one of the most competent vehicles to wear the H-badge in at least a decade. And this new two-door does nearly everything the four-door can do while looking like an absolute stunner. From the A-pillar forward, this is the same reserved but handsome Civic that broke cover in 2015. The new Civic is one of the most competent vehicles to wear the H-badge in at least a decade. Like a mullet (stay with us...), the Civic only gets more interesting as we proceed toward the back. The rear window sits 0.8 inches lower than on the Sedan, but that's only part of what makes the two-door more dramatic. The Coupe is 5.4 inches shorter than the sedan, but all of that is behind the rear axle – the wheelbase is identical. So while the rear window and roofline aren't dramatically lower than the sedan, you just run out of car far more suddenly. The downside, of course, is that you lose three cubic feet of cargo volume, but we think that's a fair price to pay for something that looks this good. Climb inside and feast your eyes on the cabin, which – you guessed it – is essentially exactly the same as what you find in the sedan. The seats get a standard two-tone color scheme and the door panels are ever so slightly different, but that's about it. The big change, of course, is in the backseat, which in this case should really just be reserved for passengers under five feet, five inches. In the video below, you can see your author go from front to back in a Civic Sedan, and then attempt the same feat in the Coupe. It's not pretty.