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On sale in Japan, Honda won't bring $31k Odyssey Hybrid to US

Japanese minivan customers have been spoiled for choice when it comes to gas-electric versions of their favorite family haulers. Toyota, for example, started selling the Estima - the world's first hybrid minivan – in 2001, and it also offers the Aphard hybrids. Starting tomorrow, buyers will be able to buy the new Odyssey Hybrid minivan from Honda for a not-unreasonable price. US buyers? We're not so lucky. That's because the Japanese Odyssey and the version sold in the US don't share much except the name. That means that the only company bold enough to put a hybrid powertrain – and a plug-in version at that – into a US-bound minivan is FCA, which just introduced us to the Pacifica Hybrid. So, we'll have to just pine for what's available over in Japan. There, the new Odyssey Hybrid comes with an updated dual-motor Sport Hybrid i-MMD powertrain that uses a 2.0-liter and no transmission. It is offered in two versions (standard and 'Absolute') and a total of six trim levels. The hybrid Odyssey starts at the equivalent of $31,235 US and tops out at $34,725, which is a level that Honda says is, "affordably-priced." Related Video: Honda to Begin Sales of Refreshed Odyssey and Odyssey Absolute -- Hybrid model will be newly added to the Odyssey lineup TOKYO, Japan, February 4, 2016 - Honda Motor Co., Ltd. will begin sales of an affordably-priced hybrid version as well as the newly refreshed gasoline-powered version of the Honda Odyssey and Odyssey Absolute premium minivans on Friday, February 5, 2016 at dealerships across Japan. A new addition to the Odyssey lineup, the hybrid version realizes both excellent fuel economy and high-quality driving in the Odyssey and Odyssey Absolute which have been well-received for their spacious cabin, stately styling and exhilarating yet stable driving experience. The newly-added Odyssey Hybrid and Odyssey Hybrid Absolute are the first Honda premium minivan models equipped with the revolutionary Honda-developed powertrain Sport Hybrid i-MMD*1 and realize class-topping*2 fuel economy of 26.0 km/L (JC08 mode)*3. In the thorough pursuit of system efficiency, Honda developed a new motor that features an innovative winding method and structure. This newly-developed motor is approximately 23% smaller and lighter than the previous version and yet realizes high torque and high output.

Honda sees sales up but profit sliding 16 percent in 2017-18

TOKYO - Honda forecasts a 16 percent fall in operating profit for the current financial year as the Japanese automaker sees higher auto sales being offset by a stronger yen and research-and-development costs. Japan's No. 3 automaker said it expects an operating profit of 705 billion yen ($6.34 billion) in the current FY2018, down from 840.7 billion yen posted in the fiscal year just ended, and lower than an average estimate of 850.8 billion yen from 23 analysts polled by Thomson Reuters I/B/E/S. It sees a 14 percent slide in net profit to 530.0 billion yen this year, down from 616.5. Honda's projections are based on a forecast that the yen will average 105 yen to the U.S. dollar through next March, stronger than the 108 yen rate in the year just ended.BUT CAR SALES ARE UP At the same time, there's good news as Honda expects its global vehicle sales to edge up 1 percent to 5.08 million this year, bolstered by growth in Asian sales to 2.06 million units, beating out North America to become Honda's top market as more Chinese drivers flock to its cars. The company expects to sell 1.92 million vehicles in North America, 2.5 percent less than the year just ended as it struggles to sell sedans including the Accord, which have fallen out of fashion in the past few years. Honda has been ramping up production of SUVs to keep up with strong demand for larger models in the United States, although overall vehicle sales show signs of slowing following a boom cycle after the global financial crisis. Mazda is taking a similar strategy, announcing on Friday it would expand production of SUV crossover models at home, while equipping overseas plants to enable more flexible production of models according to market needs. Japan's No. 5 automaker forecast a 19 percent jump in operating profit for the current financial year as it expects higher sales volumes, particularly in North America, to help it recover from last year's profit slump.A CONSERVATIVE OUTLOOK Executive Vice President Seiji Kuraishi acknowledged that Honda's expected currency hit of 95 billion yen was based on a "conservative" yen forecast, adding that growing costs to create next-generation cars would also impact earnings. "Our costs are rising to develop new technologies which will be needed in the future, like automated driving functions and electric cars," he told reporters at a results briefing.

Sunday Drive: The future looks bright, and the present ain't bad, either

A look at the week that just passed proves that Autoblog readers love looking into the future. Spy photos of the next Porsche 911 and a mysterious Dodge Demon prototype led the way last week as some of our most popular stories. A teaser from Subaru has our appetites whetted for the next WRX, and we're intrigued by the value proposition offered by the rear-wheel-drive Kia Stinger. Long-distance motorcycle tourers went gaga over leaked images of the next Honda Gold Wing. Such intense interest comes as no surprise considering that it's the standard by which all its competitors are judged, and it looks to be getting some serious new technology in its next iteration. And finally, we can't help tooting our own horn a bit. Autoblog just launched a brand-new Car Finder tool, which, after getting a few data points to work with, offers up a perfect list of vehicles for new-car buyers. As always, tune in to Autoblog next week for a front-row seat to all the happenings worth following in the automotive industry. 2019 Porsche 911 to get digital interior — only the tach will be analog Spy Shots: What the devil is Dodge up to with this narrow-body Challenger Demon? Subaru previews Viziv Performance Concept and 2 tuned STIs for Tokyo Leaked 2018 Honda Gold Wing shows off new suspension, hints at DCT 2018 Kia Stinger will start at $32,795 Dodge Honda Kia Porsche Subaru Coupe Hatchback Motorcycle Future Vehicles Luxury Performance Sedan recap sunday drive