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Honda reports $1.9 billion profit in first quarter despite sales lag at home

Ford, General Motors and Chrysler have been living in a world of sunshine and buttercups after their April-through-June financials hit the newswire, and Toyota is doing pretty good as well. Honda? Not so much.
While Japan's third-largest manufacturer saw $1.9 billion in profits, the 5.1-percent jump was lower than expected thanks to a drop in its home-market sales. US sales also took a sting, as Honda hasn't been able to match the SUV and truck demand that are currently permeating the American market, despite an uptick in Accord sales.
Honda's initial forecasts targeted a take of 209.3 billion yen ($2.1 billion at today's rates), and while a $200 million shortfall is nothing to sniff at, we'd hardly take this as Honda being in trouble. And even with the dip, Honda hasn't adjusted its forecast for the fiscal year, which remains at 780 billion yen ($7.9 billion).

Honda Civic will show its hatchback in Geneva

Honda is bringing a conceptual look at the new Civic Hatchback to next week's Geneva Motor Show. But we think it'll be that in name only – Honda has a history of showing very production-looking 'concepts'. Given these recent spy shots, showing a very well-developed, five-door Civic, the production model should arrive before we know it. The new Civic is a seriously pretty car, and from some angles the four-door sedan already has a hatch-like appearance. We love the look of this cobbled-together prototype; the rounded-off rump in no way ruins the Honda's lines. There's even a center-mounted exhaust, which makes us super happy, though that might just be reserved for more powerful Si or Type R models. Standard five-door Civics will probably use the same engine lineup as the rest of the range – a naturally aspirated, 2.0-liter inline-four on the base end, and a turbocharged, 1.5-liter four in higher trims. Honda's also working on a turbo/manual pairing, which will likely be our powertrain du jour. We'll get a sort-of-conceptual look at the Civic Hatchback next week. Until then, scroll through the gallery of spy shots up top to see this little cutie from all angles. Related Video:

Next CR-Z to lose hybrid powertrain, go with turbo four

The Honda CR-Z has been treading water for years and has already left the European and Australian markets. Meanwhile, it has hung to life in the US with 3,562 total units sold in 2014. The little coupe looks like it should be a winner, though, as the reinterpretation of the classic CRX for the modern age. Unfortunately, a serious lack of performance to back up the sporty styling lets the model down. Although rumor has it, the CR-Z that drivers keeping asking for could be just a few years away. An anonymous source related to Honda's Tochigi, Japan, development center told Car and Driver that a significantly more potent new generation of the CR-Z is on the way to dealers in 2018 with a possible unveiling in 2017. "The new coupe will be a force to reckon with," the insider said. The new CR-Z would reportedly be slightly larger and would be based on a shortened version of the next-gen Civic's platform. Car and Driver even speculates a possible branding change to become the Civic CR-Z. The most encouraging change for performance fans, though, is the coupe finally ditching the IMA hybrid in this market in favor of the 2.0-liter turbocharged four-cylinder from the European Civic Type R. The engine would allegedly be detuned to around 280 horsepower for this application from the 306 hp in the CTR. The hybrid isn't going away entirely, though. For the Japanese market, the CR-Z would use Honda's 1.5-liter turbocharged four-cylinder with electric assist to make around 200 hp. Until anything official comes out, it might be best to treat all of this tantalizing info with a large grain of salt. Rumors of a future CR-Z using the next-gen Civic platform have circulated since 2013, and there has been speculation about using the CTR engine, too. Related Video: