1993 Acura Nsx Base Coupe 2-door 3.0l on 2040-cars

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Honda profit declines on semiconductor crunch and raw material costs

TOKYO — HondaÂ’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit totaled 149.2 billion yen ($1.1 billion) in the April-June quarter, down from 222.5 billion yen ($1.7 billion) a year earlier. Quarterly sales slipped 7% to 3.8 trillion yen ($28 billion). Honda kept its profit forecast for the full fiscal year through March 2023 unchanged at 710 billion yen ($5.3 billion). The semiconductor shortage has hurt all the worldÂ’s automakers, including Honda, despite strong demand, and the manufacturers have been scrambling to secure alternative suppliers. Honda, which makes the Accord sedan, Odyssey minivan and Civic compact, sold about 815,000 vehicles last quarter, down from 998,000 vehicles the same period a year earlier. Auto sales dropped in almost all regions around the world, including Japan, the U.S. and Europe. “I ask for the understanding from all those who are still waiting for their vehicles and vow that our whole company is doing its utmost to make the deliveries even a day sooner,” Chief Financial Officer Kohei Takeuchi said. Takeuchi said the semiconductor shortage curtailed motorcycle production as well as car production, adding to uncertainty about future prospects. Honda said the recent lockdown in Shanghai was among the causes of the shortage in computer chips supply but declined to give specifics. Although U.S. sales are potentially facing a dent from recession worries and other economic hardships, Takeuchi acknowledged he was more worried about the shortage problem and producing the cars customers were waiting for. Takeuchi noted that motorcycle sales for the quarter, which grew to 4.25 million motorcycles from 3.88 million a year earlier, were going strong, especially in India. The cheaper yen and cost cuts helped maintain profitability overall, he added. The yen has been at a two-decade low against the U.S. dollar. A cheap yen has historically worked as a boon for exporters like Honda by boosting the value of their overseas earnings when converted into yen. But it also increases costs for imported components and materials. JapanÂ’s top automaker Toyota Motor Corp. reported recently that its fiscal first quarter profit fell nearly 18%. Nissan Motor Co. saw its quarterly profit plunge to less than half of what it was a year earlier.

2022 Acura MDX production officially begins in Ohio for the revamped crossover

Production for the 2022 Acura MDX is officially underway in East Liberty, Ohio. We got to see the MDX Proto late last year, and the final production MDX was revealed a couple months after it in December. Now, Acura is screwing them together. Acura says the new MDX should begin to hit dealerships on February 2. It feels mighty early for a 2022 model year vehicle to already be hitting dealers, but that’s just how Acura is handling it. Only the standard MDX with its carryover 3.5-liter V6 (290 horsepower and 267 pound-feet of torque) will be available at first. WeÂ’ll have to wait until summer for the Type S and its 3.0-liter turbocharged V6 (355 horsepower and 354 pound-feet of torque) to come online, similar to the TLX Type S. Just like the TLX, the MDX is riding on a new platform this year. ItÂ’s designed to be much more athletic and luxurious than before. WeÂ’ll be getting our first turn behind the wheel soon, so youÂ’ll want to come back for the first drive to see how Acura executed. The TLXÂ’s chassis and handling improvements give us high hopes for the MDX to see similar gains in refinement and agility. There is one first for Acura when it comes to the physical production process of the MDX. ItÂ’s the first Acura to use the plantÂ’s new 5,000-ton stamping press. Acura says this new machine allows for “sharper sculpting of the hood and body panels while forming steel and increased amounts of aluminum.”  For all the details we currently know about the MDX, check out our full reveal post here. Related video:

J.D. Power study sees new car dependability problems increase for first time since 1998

For the first time since 1998, J.D. Power and Associates says its data shows that the average number of problems per 100 cars has increased. The finding is the result of the firm's much-touted annual Vehicle Dependability Study, which charts incidents of problems in new vehicle purchases over three years from 41,000 respondents.
Looking at first-owner cars from the 2011 model year, the study found an average of 133 problems per 100 cars (PP100, for short), up 6 percent from 126 PP100 in last year's study, which covered 2010 model-year vehicles. Disturbingly, the bulk of the increase is being attributed to engine and transmission problems, with a 6 PP100 boost.
Interestingly, JDP notes that "the decline in quality is particularly acute for vehicles with four-cylinder engines, where problem levels increase by nearly 10 PP100." Its findings also noticed that large diesel engines also tended to be more problematic than most five- and six-cylinder engines.