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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

2025 Acura MDX Type S First Drive Review: Loss of a deal breaker is a game changer

MALIBU, Calif. – One of two things usually happens when testing a three-row SUV on a twisting mountain road. First, I wonder why I thought doing so was a good idea in the first place. Or, I end up saying, “Well, I guess that wasnÂ’t so bad.” Neither happened with the 2025 Acura MDX Type S, a three-row SUV that somehow feels perfectly happy and at home on the sort of roads that make competitors feel like elephants in a horse race. Placed into Sport or Sport+ modes, the latter of which is exclusive to the Type S, the air suspension lowers 15 mm, and the adaptive dampers tighten to the extent that body motions are just about as level as you could get without making the ride chattering. If anything, certain choppier bits of pavement made the suspensionÂ’s reduction of suppression and rebound too jostling and queasy, but selecting a softer ride setting in the Individual drive mode option corrected that. The steering displayed a spot-on amount of extra heft in the Sport modes, being pleasantly firm on center and through initial turn-in, but seeming to loosen ever-so-slightly up in slower, tighter corners and hairpins. ItÂ’s pleasurable driving the MDX Type S, but not a workout. The real star, as has been the case for nearly two decades of sporting Acuras, is the Super-Handling All-Wheel Drive system, now in its fourth generation. This torque-vectoring system can send up to 70% of available power to the rear axle, and then 100% of that to the outside rear wheel while turning. The result canÂ’t be missed. Brake hard with the fat Brembo brakes (they measure 14.3 inches up front and benefit from an electric servo that effectively makes them adaptive to the amount of effort applied to the pedal), turn in with the beautifully contoured sport steering wheel, feel the front end bite, and the rear end not only comes around, but does so with authority. Thanks to the more aggressive power distribution in Sport and Sport+, thereÂ’s even a whiff of oversteer at a few moments. Tremendous. “Makes it shrink around you” is a tired cliche, but it applies here. The MDX feels about 700 pounds lighter than its 4,776-pound curb weight would suggest. The engine is actually the least impressive element of the Type S, a 3.0-liter V6 with a single twin-scroll turbo good for 355 horsepower and 354 pound-feet of torque.

BMW reclaims US luxury sales crown from Mercedes

The numbers, they are in: BMW has reclaimed the luxury-sales crown from Mercedes by a margin of 9,347 cars. Mercedes donned the king's headgear in 2013 after a strong final quarter of 2013 when the new CLA and S-Class poured out of dealerships. This year, led by the 3 Series/4 Series and X5, BMW sold 339,738 units – a 9.8-percent increase year-on-year. Mercedes, led by the C-Class and M-Class, saw its sales go up by 5.7 percent to 330,391 units. We'll have to wait a bit to see if there's another registrations-vs-sales challenge as in 2012, when BMW was anointed US luxury ruler. Behind them, a dark horse named Lexus nudged closer to the leading Teutons, selling 311,389 cars. The Japanese luxury automaker also had the biggest gain among the top three, its sales rising by 13.7 percent compared to 2013. Audi had the biggest sales of anyone among the top five, though, with a 15.2-percent gain to 182,011, which moved it a spot ahead of Cadillac; the Wreath-and-Crest brand dropped 6.5 percent to 170,750. Acura (167,843), Infiniti (117,300), and Lincoln (94,474) took the final positions. Speaking of Lincoln, sales at the once-mighty luxury marque stand as the mightiest jump of any on this list, up 15.6 percent. That's the power of Matthew McConaughey... and better cars and a new crossover, sure. So now that we're back to Round One of 2015, in case no one else has said it yet: "Ok, fight!"