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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

2020 Acura RDX Driveway Test | How does a stroller fit?

From the people who brought you the Luggage Test, it's the Stroller Test! I know, sequels, right?  However, as someone who was recently in the market for a stroller and didn't want to buy a new/gigantic family vehicle to accommodate it (not to mention needing to potentially store it in every vehicle currently sold), knowing how big strollers were and how they might fit in cars was important.  Now, I can't do much in terms of testing a variety of strollers. For that, I would direct you to Baby Gear Lab, which has quite the comprehensive stroller testing program (Wire Cutter is another good source). One of the things I appreciated about Baby Gear Lab was their independent measurements of each stroller, which through the magic of maths, they translate into more easily comparable cubic-inch measurements.  I ultimately chose the new Thule Spring, which is one of the most compact regular strollers on the market, with a folded volume of 5,402 cubic inches (my own independent measurement based on 30 inches long, 16.75 inches wide and 10.75 inches tall). By comparison, the comparable Baby Jogger City Mini 2 when folded is 8,300 cubic-inches according to Baby Gear Lab, while Thule's top-rated jogging stroller, the Urban Glide 2, is 15,388 cubic inches. In other words, if the Thule Spring takes up a lot of space in a trunk, virtually everything else apart from ultra-compact travel strollers will take up even more. This is essentially a best-case scenario.  First up, the 2020 Acura RDX, which is one of the most family friendly compact luxury crossovers. Actually, "compact" is almost a misnomer given how much passenger and cargo space is present. And don't you worry dear friends, that cargo space will be fully put to the test soon with good old-fashioned luggage. Since the RDX is first to be tested, we'll just have to consider it in a vacuum. Not many words to spill here. Now here's the Spring on its side. I already know that it can't fit like this in my Audi Allroad when the cargo cover and cargo net cartridges are in place. It would in the RDX with its cargo cover.  And that's all she wrote. Hopefully this series will prove helpful. Please let me know if there's anything else to be considered — I'm new to this. 

Acura TLX GT Racecar bringing the 'X factor' to Pirelli World Challenge

One doesn't normally think of Acura offering anything to mix it up with the SRT Viper, Lamborghini Gallardo, Mercedes-Benz SLS AMG, Nissan GT-R, Audi R8 and Ferrari 458 Italia (at least while the NSX is still off in the ether), but that's exactly what's about to happen. Honda's premium outpost is jumping into the top tier of the Pirelli World Challenge with this 2015 TLX GT.
The surprise reveal of this racecar at today's Detroit Auto Show will be campaigned by RealTime Racing, no stranger to racing Acuras, in the GT class (previously, the team had campaigned the series a rung down in GT-S).
The racecar is powered by a twin-turbo variant of the direct-injected V6 to be found in the production TLX sedan, right along with its Super-Handling All-Wheel Drive system. There's no word on how much power this HPD-massaged engine will put out in race trim, but we won't have to wait long to hear it fire up - the car is set to take to the track with team owner Peter Cunningham at the wheel in the next few weeks.