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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 Integra Luggage Test: How big is the trunk?

The new 2023 Acura Integra, just like the original 1986 Acura Integra, has four doors and a hatchbacked trunk. That lends it more versatility than a regular enclosed trunk, and judging by the official cargo capacity numbers, more space, too. On paper, it wows with 24.3 cubic-feet, which would in theory be better than some small crossovers like the Mazda CX-30 and Subaru Crosstrek. It should also kick the luggage-testing snot out of the Honda Civic, with which it shares so much. That car, including the Civic Si, has a 14.8 cubic-foot trunk.  In theory, the Integra should be able to stuff 10 cubic-feet worth of extra luggage in its hatchbacked cargo area than the Civic can. Let's not bury the lede, here: Ah, no it can't. Not even close. The Integra can carry less stuff than a Civic sedan. Ditto a Mazda CX-30 and Subaru Crosstrek, for that matter. No matter what else is about to follow, though, this shot is ultimately an important one. Look at that opening! It's huge and obviously makes loading so much easier. Remove the cargo cover and lower the seats, and you also have substantially better maximum cargo capacity and versatility than any sedan could provide.  It also lets a 2-year-old do this. OK, now that small people storage is out of the way, let's talk about the cargo cover. It is a gigantic mesh piece bracketed my rigid plastic. This means that you're pretty much screwed if you suddenly need space beyond what's below the cover. You ain't storing this thing inside the car. There is a slight silver lining, however, which I'll get to momentarily.  First, let's see how many bags fit with the cover in place (ish).  As in every luggage test I do, I use two midsize roller suitcases that would need to be checked in at the airport (26 inches long, 16 wide, 11 deep), two roll-aboard suitcases that just barely fit in the overhead (24L x 15W x 10D), and one smaller roll-aboard that fits easily (23L x 15W x 10D). I also include my wife's fancy overnight bag just to spruce things up a bit (21L x 12W x 12D). That's all the big bags up there, but as you can see (above right), the blue bag is totally smashed. I couldn't do that if there was actually something in the bag. Ergo, forget this. This would be the four biggest bags plus the fancy bag, which is still a bit squished but usable. There is still an issue, though. The black bag at the upper right forced the cargo cover up and out of its bracket when the trunk lid was closed. The trunk still closed, though.

VW Finds CO2 'Irregularites', SEMA Recap, and More | Autoblog Minute

Volkswagen's diesel emissions scandal gets a new wrinkle, US regulators hit Takata Corporation with a substantial fine, and we head to Vegas for a look at tuner paradise at the 2015 SEMA show. Autoblog Senior Editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Acura Chevrolet Honda Mazda Mitsubishi Toyota Autoblog Minute Videos Original Video Acura Legend