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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).

New TLX A-Spec leads Acura's three-car Pike's Peak attack

Once again, Acura is headed to Pikes Peak for the hillclimb on June 25 with a small group of machines. This year the focus is on the TLX, with two vehicles bearing the sedan's name and shape. The two cars are very different, though, and will compete in two different classes. The first is the TLX A-Spec. This started life as a production TLX, but the 3.5-liter V6 has been reworked with pistons, rods, camshafts, and a valvetrain from Acura's TLX GT race car. The engine also has a turbocharger, which helps the V6 make an impressive 500 horsepower. All those ponies go to the front wheels through a limited-slip differential. In addition to the powertrain upgrades, the interior has been gutted, and a big wing and front splitter fitted. The A-Spec will compete in the Pikes Peak exhibition class. The other TLX is a TLX GT. This is the type of car from which the A-Spec borrows engine components, but not the TLX GT's twin-turbocharger system. TLX GTs have already been competing in motorsports, specifically in the Pirelli World Challenge. Acura did make some changes to this car for Pikes Peak, though. The suspension and engine computer have been tweaked, gear ratios shortened, and additional aerodynamic bits added for more downforce. The TLX GT will compete in the open class. Despite the focus on the TLX, Acura is still bringing an NSX to the hill climb. This car is similar to the one that raced in the Time Attack 1 class last year, but has some changes for the Time Attack 2 class. Most notable of these changes are the massive rear wing and front splitter. According to Acura, these aerodynamic aids were based on those used for the NSX GT3 race car. Acura also reduced weight, changed the tuning on the engine computer, and fitted sticky R-compound tires. Related Video: Featured Gallery Acura Pikes Peak race cars View 9 Photos Image Credit: Acura Motorsports Acura Coupe Racing Vehicles Sedan acura tlx acura tlx gt

Consumer Reports no longer recommends Honda Civic

Consumer Reports annual Car Reliability Survey is out, and yes, there are some big surprises. First and foremost? The venerable publication no longer recommends the Honda Civic. In fact, aside from the walking-dead CR-Z and limited-release Clarity fuel-cell car, the Civic is the only Honda to miss out on CR's prestigious nod. At the opposite end there's a surprise as well – Toyota and Lexus remain the most reliable brands on the market, but Buick cracked the top three. That's up from seventh last year, and the first time for an American brand to stand on the Consumer Reports podium. Mazda's entire lineup earned Recommended checks as well. Consumer Reports dinged the Civic for its "infuriating" touch-screen radio, lack of driver lumbar adjustability, the limited selection of cars on dealer lots fitted with Honda's popular Sensing system, and the company's decision to offer LaneWatch instead of a full-tilt blind-spot monitoring system. Its score? A lowly 58. The Civic isn't the only surprise drop from CR's Recommended ranks. The Audi A3, Ford F-150, Subaru WRX/STI, and Volkswagen Jetta, GTI, and Passat all lost the Consumer Reports' checkmark. On the flipside, a number of popular vehicles graduated to the Recommended ranks, including the BMW X5, Chevrolet Camaro, Corvette, and Cruze, Hyundai Santa Fe, Porsche Macan, and Tesla Model S. Perhaps the biggest surprise is the hilariously recall-prone Ford Escape getting a Recommended check – considering the popularity of Ford's small crossover, this is likely a coup for the brand, as it puts the Escape on a level playing field with the Recommended Toyota RAV4, Honda CR-V, and Nissan Rogue. While Ford is probably happy to see CR promote the Escape, the list wasn't as kind for every brand. For example, of the entire Fiat Chrysler Automobiles catalog, the ancient Chrysler 300 was the only car to score a check – there wasn't a single Dodge, Fiat, Jeep, Maserati, or Ram on the list. That hurts. FCA isn't alone at the low end, either. GMC, Jaguar Land Rover, Mini, and Mitsubishi don't have a vehicle on CR's list between them, while brands like Mercedes-Benz, Volvo, Nissan, Lincoln, Infiniti, and Cadillac only have a few models each. You can check out Consumer Reports entire reliability roundup, even without a subscription, here.