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Honda profit declines on semiconductor crunch and raw material costs

TOKYO — HondaÂ’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit totaled 149.2 billion yen ($1.1 billion) in the April-June quarter, down from 222.5 billion yen ($1.7 billion) a year earlier. Quarterly sales slipped 7% to 3.8 trillion yen ($28 billion). Honda kept its profit forecast for the full fiscal year through March 2023 unchanged at 710 billion yen ($5.3 billion). The semiconductor shortage has hurt all the worldÂ’s automakers, including Honda, despite strong demand, and the manufacturers have been scrambling to secure alternative suppliers. Honda, which makes the Accord sedan, Odyssey minivan and Civic compact, sold about 815,000 vehicles last quarter, down from 998,000 vehicles the same period a year earlier. Auto sales dropped in almost all regions around the world, including Japan, the U.S. and Europe. “I ask for the understanding from all those who are still waiting for their vehicles and vow that our whole company is doing its utmost to make the deliveries even a day sooner,” Chief Financial Officer Kohei Takeuchi said. Takeuchi said the semiconductor shortage curtailed motorcycle production as well as car production, adding to uncertainty about future prospects. Honda said the recent lockdown in Shanghai was among the causes of the shortage in computer chips supply but declined to give specifics. Although U.S. sales are potentially facing a dent from recession worries and other economic hardships, Takeuchi acknowledged he was more worried about the shortage problem and producing the cars customers were waiting for. Takeuchi noted that motorcycle sales for the quarter, which grew to 4.25 million motorcycles from 3.88 million a year earlier, were going strong, especially in India. The cheaper yen and cost cuts helped maintain profitability overall, he added. The yen has been at a two-decade low against the U.S. dollar. A cheap yen has historically worked as a boon for exporters like Honda by boosting the value of their overseas earnings when converted into yen. But it also increases costs for imported components and materials. JapanÂ’s top automaker Toyota Motor Corp. reported recently that its fiscal first quarter profit fell nearly 18%. Nissan Motor Co. saw its quarterly profit plunge to less than half of what it was a year earlier.

Acura is launching an all-out assault on Pikes Peak

  Acura is gunning for multiple trophies at Pikes Peak later this month, sending no less than six vehicles to the famed hillclimb event. The fleet consists of two NSX race cars, two TLX Type S race cars, a TLX Type S pace car, and the 2022 MDX Type S making its first public debut. The all-volunteer team comprising Acura employees will be towing the more potent of the TLX race cars 1,300 miles from its base in Ohio to the Colorado venue with an MDX Type S. While a stock TLX Type S weighs 4,221 pounds, a mass that's pretty close to the 355-horsepower, 354 pound-foot flagship's towing capacity of 5,000, the race car is considerably lighter.  Honda put the TLX Type S on a 600-pound diet, gutting the interior and replacing parts with lightweight components like a carbon fiber hood. Naturally, aerodynamic aids like splitters, canards, and spoilers festoon the race car. On top of that, the 3.0-liter V6 it shares with the big brother MDX Type S has been modified with a with a larger turbo and additional cooling to account for the thin air approaching the 14,000-foot summit. Acura engineer Justin Lumbard will helm the TLX in the Pikes Peak Open Division, in which an Acura TLX GT race car holds the record of 9:24.433, set by Acura race veteran Peter Cunningham in 2019. Meanwhile, chassis engineer and cool-name-haver Jordan Guitar will be piloting the other TLX Type S, a more stock version with only a 300-pound diet. Both cars wear race-modified suspensions and HRE 19-inch 19 x 9.5-inch wheels wrapped in Pirelli slicks. Likewise, the NSX pairs comprise one hard-core racer and one mostly stock car each, allowing Acura to pursue wins in multiple classes. Drivers and brothers James and Nick Robinson are no strangers to Pikes Peak records. James helped Acura clinch the Hybrid Class record with a time of 10:01.913 in an NSX last year, and is now shooting for a Time Attack 1 Division championship. His NSX puts out around 625 horsepower thanks to larger turbos and reprogrammed engine software. A front splitter, large rear wing, 200-pound weight reduction are just some of the race-prep modifications. Meanwhile, Nick holds the front-wheel-drive record, set in 2018 with a first-generation Acura TLX and a time of 10:48.094. This year, Nick is behind the wheel of an NSX that's all stock — aside from safety equipment and race tires — in the hopes of achieving a Time Attack 2 production record attempt.

New Acura Integra teased, and it looks good

We've been expecting a number of big announcements and debuts this week, like the two-row Jeep Grand Cherokee and Rolls-Royce's "historic" announcement about electrification, both happening tomorrow. What we weren't expecting was Acura to shock us again with another Integra tease. Honda's luxury arm posted a seven-second clip to Twitter flashing the new Integra's rear-three-quarter. That tweet came with a link to a landing page at Acura's site with the image you see above.  Although the ILX features the same design language, the switch to a hatch gives us late-model Hyundai Genesis Coupe vibes. That's not a ding on the Integra, and we have faith in what's to come. Other than realizing the teased Integra tailgate has a completely different shutline to the 2022 Honda Civic hatchback, the only info we have on the car came in the caption above the image: "Integra Returns In 2022. The fifth-generation Integra will be a premium sport compact with a striking five-door design. More details about the all-new Integra will be available closer to its 2022 introduction." Most of this we already knew from the first teaser that dropped in August. The single new addition to our knowledge is the word "sport." An icon, resurrected. #ReturnOfIntegrahttps://t.co/gfMmNbE298 pic.twitter.com/0tyLyOFZlK — Acura (@Acura) September 28, 2021 This is a fertile time for reborn nameplates, although not every attempt has stuck the landing — looking at you, Acura NSX and Lamborghini Countach. When the Autoblog staff mooted ideas for what they'd like a new Integra to be, this writer liked Road Test Editor and Integra owner Zac Palmer's wish for "a small, affordable car directed toward enthusiasts," the kind Acura hasn't had for a while. A commenter's note on that line suggested "The first-gen TSX could probably be considered that car." The first-gen TSX was special, and offered a manual transmission. We'd be happy with a return of the original Integra and TSX philosophies with modern underpinnings. Whatever we get, we hope Acura gets it bang on this time. It can't be that hard to re-create a legendary nameplate that lasted 21 years and still compels pining and lust, can it? Until the next digital hint drops, we'll go back to pretending not to wait for a surprise from Japan. Related video: 2021 Acura TLX 2.0-liter turbo-four soundtrack | Autoblog