2014 Honda Pilot Touring on 2040-cars

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Honda sees sales up but profit sliding 16 percent in 2017-18

TOKYO - Honda forecasts a 16 percent fall in operating profit for the current financial year as the Japanese automaker sees higher auto sales being offset by a stronger yen and research-and-development costs. Japan's No. 3 automaker said it expects an operating profit of 705 billion yen ($6.34 billion) in the current FY2018, down from 840.7 billion yen posted in the fiscal year just ended, and lower than an average estimate of 850.8 billion yen from 23 analysts polled by Thomson Reuters I/B/E/S. It sees a 14 percent slide in net profit to 530.0 billion yen this year, down from 616.5. Honda's projections are based on a forecast that the yen will average 105 yen to the U.S. dollar through next March, stronger than the 108 yen rate in the year just ended.BUT CAR SALES ARE UP At the same time, there's good news as Honda expects its global vehicle sales to edge up 1 percent to 5.08 million this year, bolstered by growth in Asian sales to 2.06 million units, beating out North America to become Honda's top market as more Chinese drivers flock to its cars. The company expects to sell 1.92 million vehicles in North America, 2.5 percent less than the year just ended as it struggles to sell sedans including the Accord, which have fallen out of fashion in the past few years. Honda has been ramping up production of SUVs to keep up with strong demand for larger models in the United States, although overall vehicle sales show signs of slowing following a boom cycle after the global financial crisis. Mazda is taking a similar strategy, announcing on Friday it would expand production of SUV crossover models at home, while equipping overseas plants to enable more flexible production of models according to market needs. Japan's No. 5 automaker forecast a 19 percent jump in operating profit for the current financial year as it expects higher sales volumes, particularly in North America, to help it recover from last year's profit slump.A CONSERVATIVE OUTLOOK Executive Vice President Seiji Kuraishi acknowledged that Honda's expected currency hit of 95 billion yen was based on a "conservative" yen forecast, adding that growing costs to create next-generation cars would also impact earnings. "Our costs are rising to develop new technologies which will be needed in the future, like automated driving functions and electric cars," he told reporters at a results briefing.

Autoblog Minute: 2015 SEMA Show recap

We take a trip to Las Vegas for a recap of the 2015 SEMA show, the trade show for automotive aftermarket professionals and enthusiasts. Autoblog's Eddie Sabatini reports on this edition of Autoblog Minute. Featuring commentary from Senior Editor Greg Migliore. Additionally, we've got our full roundup of SEMA Show coverage, below. Have a look through our collection of posts, and scroll down for the full Autoblog Minute transcript. Show full video transcript text [00:00:00] We take a trip to Las Vegas for a preview of SEMA, the trade show for automotive aftermarket professionals and enthusiasts. I'm Eddie Sabatini and this is your Autoblog Minute. Mazda, Ford, Chevy, Mopar, Roush, and Galpin are just a few of the industry names on hand at this premier tuner show. For a closer look at this year's action we go to Autoblog Senior editor, Greg Migliore: [00:00:30] - [00:01:00] [Greg Migliore Interview] For our full coverage of the 2015 SEMA Show head to Autoblog.com/sema. [00:01:30] For Autoblog I'm Eddie Sabatini. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. SEMA Show Chevrolet Ford Honda Concept Cars Autoblog Minute Videos Original Video SEMA 2015

Honda Civic Tourer... now with bikes!

Honda is rolling in to the Frankfurt Motor Show this year with a version of its Civic Tourer wagon. Called the Active Life concept, the modified Euro-market estate is outfitted specifically for cyclists. To that end, the Japanese automaker has equipped the show wagon with a rack capable of holding a pair of full-size bicycles – not on the roof, where you'd expect them to be, but inside the vehicle. With the rear seats folded down, and thanks in no small part to innovative fuel tank placement, the Civic wagon can swallow nearly 60 cubic feet – several more than the Ford Focus estate, for example, albeit less than the VW Golf Variant. The Honda Civic Tourer Active Life Concept is also equipped with a retractable arm for bicycle maintenance, a built-in air pump, a retractable bench, and toolbox, water tank, and front wheel holder integrated into the side of the trunk. There's a sleek box on the roof for accessories, too. And it's all capped by a special blue paint job with metallic gradation, silver roof, custom rear bumper, 18-inch alloys, and a customized interior with blue stitching, black headliner, and suede and leather trim. It'll be displayed alongside the Civic Tourer that recently set a world record for fuel efficiency. The bigger news, however, will be the presentation of the all-new Civic sedan. In short, there'll be plenty of Civic action to check out at the Frankfurt Messe this year, and we'll be on hand to catch it all. But in the meantime you can scope out this concept right here.Related Video: HONDA TO SHOWCASE THE CIVIC TOURER ACTIVE LIFE CONCEPT AT 2015 FRANKFURT MOTOR SHOW - Civic Tourer Active Life Concept makes its debut - GUINNESS WORLD RECORDS™ title-holding Civic Tourer 1.6 i-DTEC on display on Honda stand Honda will reveal the Civic Tourer "Active Life Concept" at this year's Frankfurt Motor Show, underlining the Tourer's class leading cargo space and versatility within the C-segment. The Concept study shows that style and space can work together; a custom paint colour further enhances the sleek and sporty exterior and an accessorised interior demonstrates the Concept's suitability for an active lifestyle and the needs of its customers. Utilising the unique centre fuel tank layout, the Civic Tourer Active Life Concept makes full use of its 1668 litres* trunk space and a low loading height.