1996 Honda Accord, No Reserve on 2040-cars

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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

Honda shows off Civic Tourer ahead of Frankfurt debut

This is the new Honda Civic Tourer that will be appearing at the Frankfurt Motor Show next month and that will go on sale in Europe early next year. Created by Honda's European studio, it tweaks the lines and the glasswork of the five-door Civic to create a more muscular profile below the shoulder.
When it's time to haul, a lower load height allows access to a slightly higher floor, arranged so that it creates a flat surface when the rear seats are folded. Honda says the Civic Tourer offers class-leading interior space, the cargo area able to swallow 624 liters from the floor to the window line with the rear seats up, 1,668 liters with the rear seats down and items piled up to the roof. Extra storage can be had in below-floor spaces, and even the rear seat bolsters can flip up to make space for tall goods. An included tonneau cover hides valuables in the back and can be stored out of the way when not in use.
Under the hood will be either the Earth Dreams 1.6 i-DTEC diesel engine or the 1.8 i-VTEC petrol engine, working through a choice of manual or automatic transmissions. An adaptive damper system aims to provide handling to match the looks, with available comfort, normal and dynamic settings.

2016 Honda Civic Coupe is a functional, fuel-efficient fastback

Listen, everyone was all excited when Honda introduced the new Civic Sedan, because it was a huge step forward over the previous generation. But while everyone was busy praising the new styling, more refined interior, and turbocharged engine, they were secretly pining for a more literal translation of the New York Auto Show concept car. People wanted the Civic Coupe. We wanted the Civic Coupe. And ahead of the 2015 Los Angeles Auto Show, Honda has delivered. The new Coupe shamelessly apes the Civic Concept from New York, featuring a similarly svelte front end. In back, the fastback roofline and overarching taillight compete for attention without appearing busy or unnecessary, while the profile presents a more rebellious take on the greenhouse and character lines of the current Accord Coupe. Like the Civic Sedan, the Coupe gets an overhauled interior that puts emphasis on material quality and focuses on tech. That includes soft-touch, contrasting details, as well as more practical stuff like the optional TFT main gauge and seven-inch touchscreen display. Expect the powertrain options to mirror the Civic Sedan, with a naturally aspirated, 2.0-liter, four-cylinder as a base entry and a turbocharged, 1.5-liter four-pot as the higher-end engine. Outputs and fuel economy figures are identical to the four-door Civics, while CVTs remain the transmission of choice – the only way you can snag a manual box is with the 2.0-liter engine. If you were one of the fans hoping Honda would see the light and at least offer the turbo with a manual trans for Coupe buyers, we understand that this is rather devastating news. We feel your pain. And we're sure you, like us, are looking forward to sportier iterations of Honda's little coupe, specifically the Si and Type R. Honda has provided an array of images of the new two-door, although you can count on our live images in the near future. Take a peek up top for the stock stuff, and then scroll below for the official press release. Dynamically Styled, More Powerful and Fuel-Efficient 2016 Honda Civic Coupe Makes First Public Appearance at Los Angeles Auto Show Nov 17, 2015 - TORRANCE, Calif.