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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

Acura recalling 43k MDX and RLX models over seatbelt issue

If you've ever lived in a wintery climate, you may have noticed something strange: no, not the perilously enticing sparkle of cold metal in the sunlight or the way your warm breath suddenly becomes visible in the frigid air, but the way your seatbelt seems increasingly reluctant to retract as the temperature drops. Acura, however, has found the problem more serious than a minor inconvenience, and is recalling some 43,000 vehicles across the United States to address the issue.
The recall in question affects about 7,000 RLX sedans (from the 2014 model year) and another 36,000 MDX crossovers (covering the 2014 and 2015 model years) to have their front seatbelts replaced. In the affected vehicles and in very low temperatures, Acura has found that "the driver's and front passenger's seatbelts may not release from the retracted position." Needless to say, seatbelts that can't be used don't offer any protection in the event of an accident, so the Japanese automaker is notifying owners and dealers to hook up to have those seatbelts replaced.

2019 Acura RDX crossover gets turbocharged power, A-Spec version

NEW YORK — Calling the RDX that Acura showed at this year's Detroit Auto Show a "concept" was stretching that term to the limits of credulity. The production version of the 2019 RDX is here, and this turbocharged crossover with available AWD looks darn near identical. While it offers all-wheel drive like its Lexus NX and Audi Q3 competitors, Acura's next-generation SH-AWD should be a serious selling point. Let's cover that "Super Handling All-Wheel Drive" system for a moment. It takes power from the 2.0-liter, 272 horsepower and 280 pound-feet of torque engine and routes it up to 70 percent rearward, and there's real torque vectoring (rather than brake-based faux vectoring) to shift 100 percent of that rear axle power to either wheel. The broad strokes are similar to the outgoing model's system, but there's much more available rear power bias — in the 2016 model, up to 40 percent could be sent to the rear. And that was up from 25 percent for pre-2016 models. The takeaway is that the RDX should handle a lot better on both dry and slippery pavement, and feel a bit sportier doing it. A new engine may help as well. The outgoing 3.5-liter V6 is replaced by a turbocharged four-cylinder, almost certainly related to the unit in the Accord and Civic Type R, and tuned somewhere in between those cars (252 and 306 horsepower, respectively). We expect the new engine to be lighter than the old V6, and less weight off the front end should improve steering feel and handling. For those keeping track, the new engine is down 7 horsepower but up 28 pound-feet in torque, and thanks to turbocharging the torque band starts down low and is relatively flat, so more oomph from a stop and on through the rev range. The six-speed automatic is gone, replaced by a 10-speed automatic. Most of its competitors use six- or eight-speed units, so that'll be a marketing focus. As you'd expect, the individual ratios are closer-spaced but the total ratio spread is, according to Acura, 62 percent wider than the outgoing automatic. There are steering-wheel-mounted paddles if you'd like to shift yourself. Since the styling is very much a lightly retouched Prototype RDX from the Detroit show, it's nice to be able to give a sense of the new car's proportions with hard numbers. First of all, it's riding on a 2.6-inch longer wheelbase. Overall length is 187 inches, up from 184.4, and width is unspecified.