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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

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.

2022 Acura RDX Review | Value-packed and surprisingly sporty

The small luxury SUV segment is crowded with many strong choices, but if you're looking for value and prefer your SUVs sporty, you'd be hard-pressed to find a better option than the 2022 Acura RDX. It's made even better for 2022 with a plethora of updates to make the driving experience nicer, as well as adding technology features that have become industry standards. Although it was given a refresh for 2022, the basic RDX dates back to the 2019 model year. And the basics from then are still good. It has a gutsy engine, a responsive chassis, a quality interior and sharp styling. Not only that, it's incredibly spacious and it's packed with standard features from a panoramic sunroof to plenty of driver safety aids, all at a price lower than many of its competitors, including those from Audi, BMW, Mercedes and others. That's not to say it's a class-leader. If you have certain things you particularly care about, perhaps ultimate performance, hybrid options, or a fancier and more stylish interior, there are other options to consider. But the Acura is one of the most well-rounded options, doing most things well, and doing so at a reasonable price. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Features   |   Crash Ratings & Safety Features   What's new for 2022? The RDX received a variety of mild updates for the 2022 model year. Styling has been tweaked with new front and rear bumpers and grilles (pictured above left). The active suspension on Advance Package trims is tuned for a sportier feel in Sport mode and a more comfortable feel in Comfort mode. The drive modes in every RDX have been retuned as well, while extra sound deadening material has been added throughout. Technology updates include new standard wireless Apple CarPlay and Android Auto, Amazon Alexa compatibility and a USB-C charging port. Wireless charging and customizable ambient lighting are now available as options. A number of new interior and exterior colors are available, including a bright blue hue exclusive to the 200-unit PMC Edition (pictured above right). Furthermore, blind-spot warning is standard, automatic emergency braking now has pedestrian detection, and the chassis has additional reinforcements to improve crash performance. What are the RDX interior and in-car technology like? The RDX’s interior is a nice place to be.