2014 Honda Cr-v Ex-l 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.

eBay Find of the Day: 1985 Honda City Turbo II is JDM forbidden fruit you can own

It's always fun to cruise different global eBay Motors sites and check out the cars that we never got here. Thankfully, America's 25-year import limit on cars means that some of the rarities from the 80s are finally legal on these shores. This 1985 Honda City Turbo II is a great example of a fun, little car that we never got new but can be made legal here now.
The City was basically the Japanese company's '80s equivalent of today's Fit, albeit significantly smaller. The little urban runabout was so popular in its basic form that Honda decided to take things up a notch and turbocharge it. That car sold enough to warrant an even higher performance version called the Turbo II, which added an intercooler and the flared fenders you see here. The latter helped it earn the nickname "bulldog" for its boxy, aggressive appearance.
Honda claimed at the time that its little 1.2-liter, turbocharged four-cylinder produced 109 horsepower and 118 pound-feet of torque with a five-speed manual. In a car that weight just 1,620 pounds, you can imagine it was a very entertaining little package.

Watch us put the 2017 Honda Ridgeline through its paces

If you're in the market for a truck, as yourself: Why do I need a pickup? Driving back and forth to work, picking up all the random bits needed to keep your yard looking beautiful, and even hauling a dirtbike or two requires a different set of capabilities than towing a classic car in an enclosed trailer. If your plans skew more toward the lighter-duty side of things, you owe it to yourself to consider the 2017 Honda Ridgeline. It's a unibody pickup, as opposed to competitors like the Chevy Colorado and Toyota Tacoma, which use a traditional body-on-frame design. That brings a lot of benefits, but it also introduces some compromises. The video above covers all these aspects, from everyday comfort to off-road capability. After driving the Ridgeline back-to-back with its rivals, we found plenty of reasons why Honda's truck deserves a closer look.