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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

Maserati Quattroporte Trofeo, GMC Yukon XL, Tesla earnings, Maine Mitsubishi Delicas | Autoblog Podcast #689

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Road Test Editor Zac Palmer. They discuss recently driven cars: the GMC Yukon XL diesel, Maserati Quattroporte Trofeo and Acura TLX Type-S. After that comes recent Tesla news along with cancelled Mitsubishi Delica registrations in the state of Maine. Finally, the editors help a reader spend their money on an affordable crossover. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #689 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown What we're driving: 2021 GMC Yukon XL diesel 2021 Maserati Quattroporte Trofeo 2022 Acura TLX Type-S News: Tesla earnings and delays Mitsubishi Delica registrations in Maine Spend my money Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video:

GM Ultium-based 2024 Acura ZDX caught undisguised in spy photos

What you see above is our best look yet at the 2024 Acura ZDX. The SUV, while not completely production-ready (mainly the temporary headlights), is completely and totally devoid of line-obscuring camouflage. The resulting vehicle is clearly a toned-down Precision EV concept, and one that does a good job of hiding its GM underpinnings. Like the concept, it has a forward-leaning nose with a blanked-out version of the Acura corporate pentagonal grille. The long nose gives way to a seriously raked windshield and a floating roof. That roof has a distinct rear pillar treatment with a little notch for the rear glass to create that floating look. There are, of course, concessions to reality. The lower front fascia has relatively nondescript grilles, though they also don't detract from the rest of the vehicle. And naturally there are large door mirrors and conventional grab handles to get in. The ZDX will be based on the GM Ultium platform, and considering on the size and likely performance, will probably be closely related to the Chevy Blazer. To the credit of Acura's designers, and also perhaps to GM's architecture, the ZDX does not look like a reworked Blazer. And the differences will continue beyond the exterior. While GM will be dropping Apple CarPlay and Android Auto, Honda and Acura versions of Ultium SUVs will keep the phone mirroring software. It will still have Google apps built-in as well as touchscreen support, unlike some gas-powered Acura models. We'll see the ZDX launch next year. It will even have a high-performance Type-S variant like the TLX and Integra. That leads us to believe something like the dual-motor 557-horsepower powertrain from the Blazer SS will be available. We'll be curious to see what the more mild powertrains will be like, if they'll all be dual-motor, or if there will be single-motor setups. And if there are single-motor layouts, whether they'll be front- or rear-wheel drive, as both options are available on Blazer. Related video: