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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

2015 Acura TLX launch delayed

Last week in New York, Acura pulled the wraps off its all-new TLX sedan - a midsize model that replaces both the TSX and TL in one fell swoop. In a bit of behind-the-scenes full disclosure, we were originally scheduled to get our first drive of the car in early May. But an intrepid reader forwarded us an email to Acura dealers saying that the on-sale date of the TLX will be pushed back, and subsequently, the automaker confirmed to Autoblog that the official media launch has been postponed, as well. Acura spokesperson Chuck Schifsky tells us that the 2015 TLX will now go on sale later this summer.
"We don't view it as a major delay," Schifsky told Autoblog. The TLX is "the most technologically advanced Acura" yet - even more so than the original NSX, Schifsky says - and thus, there are "lots of systems to get sorted out." When asked if there is a specific component to point to regarding this delay, Schifsky told Autoblog that it's "not any one thing."
"We have determined that it is necessary to modify the production schedule for the 2015 TLX, which will move the on-sale date to late summer."

2025 Acura MDX Type S First Drive Review: Loss of a deal breaker is a game changer

MALIBU, Calif. – One of two things usually happens when testing a three-row SUV on a twisting mountain road. First, I wonder why I thought doing so was a good idea in the first place. Or, I end up saying, “Well, I guess that wasnÂ’t so bad.” Neither happened with the 2025 Acura MDX Type S, a three-row SUV that somehow feels perfectly happy and at home on the sort of roads that make competitors feel like elephants in a horse race. Placed into Sport or Sport+ modes, the latter of which is exclusive to the Type S, the air suspension lowers 15 mm, and the adaptive dampers tighten to the extent that body motions are just about as level as you could get without making the ride chattering. If anything, certain choppier bits of pavement made the suspensionÂ’s reduction of suppression and rebound too jostling and queasy, but selecting a softer ride setting in the Individual drive mode option corrected that. The steering displayed a spot-on amount of extra heft in the Sport modes, being pleasantly firm on center and through initial turn-in, but seeming to loosen ever-so-slightly up in slower, tighter corners and hairpins. ItÂ’s pleasurable driving the MDX Type S, but not a workout. The real star, as has been the case for nearly two decades of sporting Acuras, is the Super-Handling All-Wheel Drive system, now in its fourth generation. This torque-vectoring system can send up to 70% of available power to the rear axle, and then 100% of that to the outside rear wheel while turning. The result canÂ’t be missed. Brake hard with the fat Brembo brakes (they measure 14.3 inches up front and benefit from an electric servo that effectively makes them adaptive to the amount of effort applied to the pedal), turn in with the beautifully contoured sport steering wheel, feel the front end bite, and the rear end not only comes around, but does so with authority. Thanks to the more aggressive power distribution in Sport and Sport+, thereÂ’s even a whiff of oversteer at a few moments. Tremendous. “Makes it shrink around you” is a tired cliche, but it applies here. The MDX feels about 700 pounds lighter than its 4,776-pound curb weight would suggest. The engine is actually the least impressive element of the Type S, a 3.0-liter V6 with a single twin-scroll turbo good for 355 horsepower and 354 pound-feet of torque.