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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

Acura doesn't have plans for a new MDX hybrid

Besides an entirely new platform, suspension, and a turbocharged Type S model coming soon, the 2022 Acura MDX is new in another way: it seems to be losing its hybrid trim level. During a media roundtable, Acura's global development lead confirmed that there are no plans for a hybrid version of the new MDX. Part of the reason for the lack of a hybrid for the new MDX is the aforementioned Type S model. The Acura development lead noted that the outgoing MDX Sport Hybrid is the current sporty, high-output version of the crossover. That mantle is now being taken over by the Type S with its turbocharged 3.0-liter V6. The new Type S makes 355 horsepower and 355 pound-feet of torque, which also represents a large power increase over the Sport Hybrid's 321 horsepower and 289 pound-feet. The Type S won't be able to do everything the Sport Hybrid could do, though. While official fuel economy numbers haven't been revealed, we're confident the Type S won't be able to hit the 27 mpg combined of the hybrid. The Sport Hybrid's powertrain was also quite interesting, as it combined its 3.0-liter naturally aspirated V6 with a trio of electric motors. A single motor worked in conjunction with the engine to power the front wheels, and one motor each powered the rear wheels and provided torque vectoring. It was sort of like a backwards NSX. While Acura doesn't have plans for a hybrid right now, it is possible the brand could change its mind. And in an ever electrifying world, it would be surprising if we never saw a hybrid MDX return. Related Video:

Acura releases yet another NSX track teaser vid

On Sunday, August 4th (yep, that's tomorrow), a prototype version of the all-new Acura NSX will make its public track debut ahead of the Honda 200 IndyCar race. Acura has already given us a short video snippet to enjoy, but now it's added one more to get our hearts racing just a little more.
Before you watch it, make sure your speakers or headphones are turned up, because what the low-resolution video lacks in visual quality, it more than makes up for with its audio of the NSX's exhaust screaming as the car tackles Mid-Ohio. And at the end of the video, the caption reads "watch the NSX racing prototype take a lap."
Acura isn't joking either. From what we hear, the car is expected to take one lap before the race and then disappear for the weekend. Scroll down to see and hear the NSX in action.