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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

2021 Acura TLX A-Spec Long-Term Wrap-Up | Not-so-long-term car

Been wondering what ever happened to our long-term 2021 Acura TLX A-Spec test car? Wonder no more, for we have answers to share with you in our long-term wrap-up. Last we updated you on our bright Apex Blue sport sedan, it was experiencing electrical gremlins aplenty. We weathered odd issues — random shifts into Park while stopped, infotainment glitching — the car simply decided to not start one day. This led to it being flat-bedded to the Acura dealer where it stayed for an abnormally long time. It was just over two months to be exact. The problems were ultimately determined to be from water intrusion to the fuse box, and some of the wait was for parts that had become corroded due to water being where it absolutely shouldnÂ’t be. Of course, our first question was, how did water get into the fuse box? Acura didnÂ’t have an obvious answer for us at first, but donÂ’t worry, we eventually got one. So, once the parts were in and installed, Acura gave the car a clean bill of health, and we took it back with only a month left in our year-long loan term. Unfortunately, our TLX would not make it that long. Editor-in-Chief Greg Migliore took the TLX for this final stint. Two weeks of regular driving went by without any issue, but then the electrical gremlins returned. One afternoon he went out to the car and the dash lit up like a Christmas tree, sending the car into what Migliore said felt like a limp mode. The car technically ran, but it was not drivable. This meant yet another trip on the flatbed to the Acura dealer for another diagnosis. The days came and went, and eventually our original year-long loan term with the TLX expired. Approximately a month after this, Acura finally had answers for what had befallen our poor TLX.  Why so long, you ask? Acura actually called in engineers to try and sort out what had happened with this particular car. The answer? Water in the fuse box, once again. Apparently, the water intrusion issue from before hadnÂ’t been fully solved because the original source of leakage wasnÂ’t found in the first go-round, and water was still making its way into the fuse box. Acura tells us that trying to find the source of the intrusion is quite challenging, and thatÂ’s why it took the dealer and engineers so long to diagnose and sort out.

Honda and Acura recall 124,077 vehicles due to potential brake failure

Honda and Acura are recalling 124,077 total vehicles across numerous model lines due to a part in the brake system that was potentially improperly assembled, which could ultimately lead to brake failure. The models affected include the 2020-2021 Honda Civic, 2020-2023 Ridgeline, 2021-2023 Passport, 2021-2022 Pilot and the 2020 Acura MDX. As for the issue itself, Honda says the brake master cylinder “may have been improperly fastened to the brake booster assembly during production.” Specifically, the tie rod fastener is the problem point. Honda says that if it was improperly assembled, that could result in loose or missing tie rod nuts. If this is the case, when you hit the brakes, a bending load can be placed on the brake booster tie rod studs, which could in turn cause the tie rod studs to break. This then allows the brake master cylinder to separate from the brake booster, which Honda says could result in diminished or lost brake function. Honda says it received a report of brake failure on a 2021 Pilot last year, which prompted the companyÂ’s investigation. There are no crashes, injuries or deaths related to this issue, according to Honda, but it has received two related warranty claims since September 2022. Owner notifications are scheduled to begin on August 7 this year. Honda says it will inspect and replace any missing nuts, and if any brake booster assembly components are damaged, those will be replaced, too. Related video: Recalls Acura Honda Truck Crossover Hatchback SUV Sedan