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Profit at Honda doubles on strong global sales of cars and motorcycles

TOKYO — Honda reported Wednesday that its April-June profit more than doubled on healthy sales of its motorcycles and cars, as the Japanese company also received a perk from favorable exchange rates. Honda Motor Co. said its fiscal first quarter profit totaled 363 billion yen ($2.5 billion), up from 149 billion yen. Quarterly sales jumped 21% to 4.6 trillion yen ($32 billion). HondaÂ’s financial service division also reported growing sales. Honda said its profitability improved, especially in North America, where production recovered. Automakers around the world were slammed by supply shortages because of production delays related to social restrictions caused by the COVID-19 pandemic. But such restrictions have eased, allowing production to pick up again. Auto sales were about the same in Japan in the latest quarter as in the previous year, while dropping significantly in China because of intense competition from makers of battery electric vehicles, Honda said. Honda is banking on growth in EVs in the U.S. market, where it recently announced it is joining six other companies in the creation of a high-powered charging network across North America. Worries about climate change have helped set off a dramatic shift in the auto industry toward battery electric vehicles, allowing for relative newcomers like Tesla and BYD to prosper, while catching some Japanese makers off guard with their hybrids and regular gasoline-powered models. Honda said a computer chip shortage crimped its motorcycle sales in India, while sales rebounded in Indonesia as production recovered. Honda said it sold 901,000 vehicles in the latest quarter, up from 815,000 a year earlier. It also sold more motorcycles worldwide at nearly 4.5 million, up from 4.2 million. Honda added 23 billion yen ($160 million) to its quarterly operating profit because of the impact of currency exchange rates. A weaker yen, trading lately at about 143 yen to the U.S. dollar, is a boon for Japanese exporters by boosting the amount of its overseas earnings when converted into yen. Honda stuck to its full year projection of an 800 billion yen ($5.6 billion) profit, up from 651 billion yen a year earlier. Honda shares slipped 0.9% on the Tokyo Stock Exchange. Related video: Earnings/Financials Acura Honda

2022 Acura MDX production officially begins in Ohio for the revamped crossover

Production for the 2022 Acura MDX is officially underway in East Liberty, Ohio. We got to see the MDX Proto late last year, and the final production MDX was revealed a couple months after it in December. Now, Acura is screwing them together. Acura says the new MDX should begin to hit dealerships on February 2. It feels mighty early for a 2022 model year vehicle to already be hitting dealers, but that’s just how Acura is handling it. Only the standard MDX with its carryover 3.5-liter V6 (290 horsepower and 267 pound-feet of torque) will be available at first. WeÂ’ll have to wait until summer for the Type S and its 3.0-liter turbocharged V6 (355 horsepower and 354 pound-feet of torque) to come online, similar to the TLX Type S. Just like the TLX, the MDX is riding on a new platform this year. ItÂ’s designed to be much more athletic and luxurious than before. WeÂ’ll be getting our first turn behind the wheel soon, so youÂ’ll want to come back for the first drive to see how Acura executed. The TLXÂ’s chassis and handling improvements give us high hopes for the MDX to see similar gains in refinement and agility. There is one first for Acura when it comes to the physical production process of the MDX. ItÂ’s the first Acura to use the plantÂ’s new 5,000-ton stamping press. Acura says this new machine allows for “sharper sculpting of the hood and body panels while forming steel and increased amounts of aluminum.”  For all the details we currently know about the MDX, check out our full reveal post here. Related video:

Driving Iron Man's Favorite Supercar, The Acura NSX | Translogic 215

There's fast, and then there's 3 electric motors plus a twin-turbo 3.5L V6 fast. On this episode of Translogic, we're dealing exclusively with the latter. Our host Jonathon Buckley heads to Atlanta, GA to experience the hybrid-electric power of the Acura NSX. Bucko even had the opportunity to chat with the car's chief engineer about how the NSX is evolving the segment, much like its predecessor did nearly 3 decades ago. "It's gonna change the automotive segment very much like that original car did," said Jason Widmer, Chief Engineer for the NSX. Referencing the all-aluminum body on the original car and the 3 extra electric motors on the current model, Jason brings to light some of the more leading edge pieces of technology in the vehicles. Between the insanely smooth acceleration and the wonderfully loud engine noises, this is one hybrid that seems to give drivers the best of both worlds. This car has so much cool tech, it's no wonder it was Iron Man's vehicle of choice in the cinema blockbuster The Avengers. This is one car you have to see to believe so check out the episode above and see what we mean! Click here to find more episodes of Translogic Click here to learn more about our host, Jonathon Buckley Acura Hybrid Performance Supercars Translogic Videos Original Video supercar electric supercar hybrid supercar electric hybrid