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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

2024 Acura ZDX EV previewed ahead of Monterey unveiling

Announced in August 2022, the Acura ZDX will make its debut a year later during Monterey Car Week. Our spies have spotted the Japanese brand's first series-produced electric car testing with almost no camouflage, but a new preview image gives us a better look at the crossover. The photo confirms that the ZDX will fall in line with Acura's current design language. Its front end is characterized by sharp headlights with LED accents and a trim panel shaped like the grille fitted to gasoline-powered models such as the Integra. One interesting detail is that the lower part of the trim panel is illuminated. Beyond the front end, the aforementioned spy shots confirm that the crossover's silhouette is far more conventional than the original ZDX's, which surfed the crossover-coupe wave with a polarizing design and a fastback-like roof line. If you're experiencing deja-vu, it's likely because the ZDX looks like a heavily toned-down version of 2022's Precision EV concept. It's reasonable to assume that the interior will be made far more realistic as well, though Acura hasn't revealed it yet. All we know at this stage is that the ZDX will be available with a new infotainment system with Google apps integration and a Bang & Olufsen sound system. We'll need to be patient to find out what the ZDX's specifications sheet looks like. Acura simply confirmed it will offer two variants at launch: the standard ZDX, and a performance-oriented model called Type S. The latter will stand out as the quickest and most powerful crossover in the brand's history. Both versions will use the Ultium electric technology developed by General Motors and found under the Cadillac Lyriq and Chevrolet Blazer, among other EVs. General Motors will also build the ZDX through an agreement signed with Honda in April 2022. The 2024 Acura ZDX will break cover on August 17. Sales will start in early 2024. Honda's related Prologue EV shouldn't be far behind. Green Acura Crossover Electric Luxury Pebble Beach

Inside Honda's ghost town for testing autonomous cars

On the edge of the San Francisco suburb of Concord, California sits a ghost town. Dilapidated buildings and cracked roads are framed by overgrowth and slightly askew street signs. The decommissioned five acre portion of the Concord Naval Weapons Station that once housed military personnel and their families is now home to squirrels, jack rabbits, wild turkeys and Honda's mysterious testing lab for autonomous vehicles. This former town within a Naval base – now dubbed "GoMentum Station" – is the perfect testing ground for Honda's self-driving cars. An almost turn-key solution to the problem of finding somewhere to experiment with autonomous vehicle inside an urban area. Thanks to the GoMentum Station, the automaker has access to 20 miles of various road types, intersections and infrastructure exactly like those found in the real world. Just, you know, without all the people getting in the way. While the faded lane markers and cracked asphalt might initially make it difficult for the car to figure out what's going on around it, that's exactly what you want when training a self-driving system. Many roads in the real world are also in dire need of upkeep. Just because autonomous vehicles are hitting the streets doesn't mean the funding needed to fix all the potholes and faded lane markers will magically appear. The real world doesn't work that way and the robot cars that will eventually make our commutes less of a headache will need to be aware of that. Plus, it's tougher to train a car to drive downtown than to barrel down the highway at 80 miles per hour. A company is going to want to get as much practice as possible. While semi-autonomous driving on the everyone-going-the-same-way-at-a-constant-speed freeway is already a reality, navigating in an urban environment is far more complex. If you've driven on the streets of Los Angeles, San Francisco, New York, Chicago or Seattle you know that driving downtown takes far more concentration than cruising down the interstate. With all that in mind, Honda's tricked out Acura RLX did a good job during an (admittedly very controlled) hands-free demo. It didn't hit either of the pedestrians walking across its path. It stopped at stop signs and even maneuvered around a mannequin situated in the middle of the road. The reality is, watching a car drive around the block and safely avoid stuff is boring. Not to metion, Google has been doing this for a while in the real world.