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China's auto sales continue to drop
Sat, Sep 12 2015The 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 ditching Takata for next Accord's airbags
Sat, Jan 24 2015Today brings unsurprising news that Honda will move away from Takata and source airbags for the next-generation Accord, among other models, from one of the embattled company's competitors. Both companies have been in headlines of late after the former recalled millions of vehicles that were fitted with the latter's airbag inflators, which had the unpleasant tendency to spew shrapnel at consumers. The move, as Reuters explains it, is particularly devastating for Takata. Honda is the company's largest customer, and the Accord represents its biggest product, accounting for over a quarter of the company's sales last year. It gets worse, though, as a confidential source with knowledge of the situation is reporting to Reuters that both the 2016 CR-V and Odyssey will source their airbags from Toyoda Gosei. If true, that'd mean that Takata will be losing out on more than half the cars Honda sells in the US market. At this point, Takata, Honda and Toyoda Gosei have all passed on opportunities to comment to Reuters.
Check out the orange McLaren-Honda racecar that might actually win a race
Wed, May 3 2017Following the announcement that Fernando Alonso, two-time F1 world champion, would drive a McLaren-Honda IndyCar in this year's Indianapolis 500, we now get to see the car. Naturally, being a McLaren, it's painted in the company's official orange hue. It's actually even more orange than the company's Formula 1 cars, which are two-tone: orange and black. The reveal of the car's livery comes in conjunction with Alonso's first testing day at the Indianapolis Speedway, which you can watch live, here. Alonso has never participated in the Indy 500 before, nor has he been behind the wheel of Indy cars. That doesn't mean he can't win, though. Fellow Formula 1 racer Alexander Rossi took home the win last year, and that was his first time at the 500. Rossi also won in an Andretti-backed, Honda-powered car, just as Alonso will this year. So it isn't unreasonable to think Alonso could win, or at least place well. Certainly his odds are better than driving one of the beleaguered McLaren-Honda F1 cars at Monaco that same weekend. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.