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Honda reports $2.3 billion profit despite pandemic

TOKYO — Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world. Tokyo-based Honda said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world. Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations. The situation was also improving from earlier this year, when lockdowns and other problems related to COVID-19 caused disruptions of some production and an inventory crunch. Quarterly sales slipped to 3.65 trillion yen ($35 billion) from 3.73 trillion yen the same period a year earlier. Honda warned that uncertainty remains amid rising COVID-19 cases. But the company stressed it was managing to cling to profitability. Reflecting that upbeat mood, Honda raised its profit forecast for the fiscal year through March 2021 to 390 billion yen ($3.8 billion) from an earlier projection for 165 billion yen ($1.6 billion). The latest forecast is still lower than the 455.7 billion yen profit Honda booked in the previous fiscal year. Honda sold slightly more vehicles in the quarter through September at 1.25 million vehicles, compared to 1.24 million vehicles in the same period of 2019. But it sold fewer motorcycles at nearly 4.5 million motorcycles, down from nearly 5.1 million. Kohei Takeuchi, a senior Honda manager, said much of the damage to sales likely came from the pandemic, though he hesitated to blame the entire decline on the pandemic. Executive Vice President Seiji Kuraishi told reporters Honda is bullish on shifting its lineup to ecological models to keep up with the global efforts to curb carbon emissions and global warming. Also Friday, Toyota raised its full year fiscal forecasts to a 1.4 trillion yen ($13.5 billion) profit, after reporting results that appear to show a gradual but sure recovery. Its profit fell 11% in the last quarter. Nissan reports financial results next week. Related Video: Earnings/Financials Acura Honda

2021 Acura TLX Long-Term Update | Tuneful turbo-four soundtrack

I used to be enamored with the turbocharged 2.0-liter engine format. I owned a 2004 Subaru WRX, with its turbo boxer mill, and liked it quite a bit, rough though it could be. Then turbo-fours, often displacing the same 2.0 liters, began replacing heavier and thirstier naturally aspirated V6 powerplants across the industry, and I was on board. Since then, they’ve become much more refined and responsive, all while their often uninspiring soundtracks faded into the background as automakers worked to improve the experience inside the cabin. TheyÂ’ve also become so ubiquitous that, apart from certain standouts like the turbo boxer in the Porsche 718, they ceased to be as exciting to me. Then AutoblogÂ’s long-term 2021 Acura TLX arrived in my driveway, equipped with a 2.0-liter turbo I4. I was excited about the styling and the handling, but I didnÂ’t expect this four-pot to make a huge impression on me. The first time I opened her up under wide-open throttle, though, I was pleasantly surprised. This 2.0TÂ’s 272 horsepower and 280 pound-feet of torque are ample motivation for this sporty sedan, even with all-wheel drive and a 3,990-pound curb weight. It wonÂ’t knock your hat into the back seat, but itÂ’s quick enough, especially in Sport mode. The thing that really won me over with this 2.0T, though, is the sound. Ripping to this thing's 6,800-rpm redline produces a melodious song that sounds a lot more exciting and expressive than most other fours. The cherry on top is the punctuated hiss of the turbo releasing its pressure when you get off the throttle. The amplitude of the engine note is manipulated using AcuraÂ’s Active Sound Control. As an Acura spokesperson explained it: “Active Sound Control uses the TLXÂ’s speakers (whether audio is playing or not) to add sound (same-phase or reverse-phase) to the cabin that smooths the sound of the engine heard inside the cabin. Engine noise doesn't increase in a linear way with rising revs; instead there can be many resonances that create peaks and valleys in the sound pressure level and an uneven sound. The level of ASC is tailored to each drive mode (Comfort, Normal and Sport).” Put another way, ASC is basically an electronic filter that can deaden or amplify the sound and smoothen it out, similar to how active suspension damping adjusts to the situation and drive modes to either let in more or less road feel, while actively eliminating the harshest of vibrations.

2021 Acura TLX vs. luxury sedans: How they compare on paper

The 2021 Acura TLX has been revealed, and it looks superb. We also have a handful of hard numbers, so you know that we've got to take a look at how they compare to the competition. As we only have numbers for the base turbocharged four-cylinder model, we're only looking at similarly equipped competitors. And with the small to midsize luxury sedan segment burgeoning these days, we've selected a mix of rear-drive, front-drive and all-wheel-drive options to compare to this front-drive-based sedan. You can see the raw numbers below, and a summary of them under that. Engine and transmission The Acura's base engine is a turbocharged 2.0-liter four-cylinder, just like the vast majority of cars in its segment. It's an especially powerful base engine, though, with 272 horses. That tops every base engine in this group, and is only topped by Volvo's mid-range turbocharged and supercharged four-cylinder that makes 316 horsepower. Its torque rating is strong, too, falling short of the aforementioned Volvo engine and the BMW four-cylinder. You'll note that we've included two four-cylinder engines for the Audi and the Volvo. With the Audi, the entry-level engine is seriously underpowered versus the competition, whereas the higher-output version is more comparable, so we felt it should be included. As for the Volvo, since the turbo and supercharged engine isn't quite comparable to each of these model's six-cylinder alternatives, we felt it should be mentioned, here. Many of these cars have substantially more powerful alternatives available, including the Acura. The Acura will have a twin-turbo 3.0-liter V6, but we have no specifications for it. It will face off with the 382-horsepower BMW M340i, 400-horsepower Volvo S60 T8 hybrid, 365-horsepower Genesis G70 3.3T and 349-horsepower Audi S4, among others. The Acura is available with either front-wheel drive or all-wheel drive, and every version gets a 10-speed automatic, giving it claim to the most gears. All the other cars here make do with an eight-speed automatic. The Genesis G70 is the sole offering with a manual transmission, something that's offered on the Sport trim with upgraded brakes and a limited-slip differential. The Audi is unique in making all-wheel drive standard. On the Volvo, all-wheel-drive is only available if you upgrade to the higher-output engine, another reason why we wanted to include it. Size On the outside, the Acura is the largest, or more specifically, the longest.