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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.

2021 Mazda CX-3 gets a few more features, costs same as in 2020

The Mazda CX-3 is still down there at the foot of the Mazda lineup, chugging into 2021 and its seventh year on sale. The subcompact hatchback hasn't been overhauled since its debut and in 2020 had its three trims rationalized to one trim, so it gets denied the attentions paid to the Mazda3 and the CX-30. Those with an eye on the CX-3, however, will pay the same amount in 2021 as buyers did in 2020. Mazda announced a base price of $20,640 for the sole CX-3 Sport model, for a total of $21,740 after the $1,100 destination charge. Going from a Sport FWD to the Sport AWD adds $1,400, coming out to $23,140. Mazda's littlest crossover is powered by a Skyactiv-G 2.0-liter four-cylinder producing 148 horsepower and 146 pound-feet of torque, shifting through a six-speed automatic. The nicer, newer, larger CX-30 is powered by a Skyactiv-G 2.5-liter inline-four that it shares with the Mazda3, producing 186 horsepower and 186 pound-feet of torque and mated to a six-speed auto. The front-wheel drive CX-30 starts at $23,000 after destination, $1,260 above the CX-3, the AWD CX-30 maintaining the same price gap at $24,400.    Related: Least expensive vehicles to insure in America   New for the 2021 CX-3, the i-Activsense suite has been updated with night pedestrian detection for the low-speed forward collision alert and avoidance system, and the LED headlights are self-leveling with enhanced auto on/off activation. The standard driver safety systems also include adaptive cruise control, automatic emergency braking, blind spot warning with rear cross-traffic alert, and lane departure warning. There's a seven-inch touchscreen infotainment system with Mazda Connect, Android Auto, and Apple CarPlay, and remote keyless illuminated entry thrown in, too. The Sport trim goes with a louver-styled grille, roof spoiler, and 16-inch alloys. In fact, other than the cost-extra colors Machine Gray Metallic, Snowflake White Pearl Mica, and Soul Red Crystal Metallic on the eight-strong exterior palette, and some minor cosmetic options, the basic CX-3 is the only CX-3. It will reach dealer lots next month. Related Video:

2016 Scion iA shows its face, for better or worse, in New York [w/video]

We have a theory that, among auto designers, there's something resembling Stockholm Syndrome. Designers spend so many hours looking at a single product that, after awhile, they can't help but fall in love with it, regardless of how bad it may look to everyone else. That might explain the appearance of the Scion iA, which while largely similar to the handsome Mazda2, replaces that car's attractive five-pointed grille with what could be described as a gaping maw. Fortunately, it's only the Scion grille that really causes any offense. The parts of the iA that have been left to Mazda designers are, as we said, rather handsome. That includes both the attractive rear and the Kodo-derived lines found in the tiny sedan's profile. The cabin, meanwhile, is well outfitted with standard equipment, including a seven-inch touchscreen display. Plastic is the dominant material, although the overall layout is logical and mostly attractive. Have a look at our live gallery of images of Scion's first-ever four-door sedan. Sports Sedan that Shouts Success All-New 2016 Scion iA Rolls Into New York With a Trunk - Brand's first-ever sedan with dramatically sporty look and agile moves - Estimated MSRP in the $16,000-range for well-equipped mono-spec model • High-spirited 1.5-liter engine; estimated 42 MPG highway - Choice of 6-speed stick shift or 6-speed automatic - Standard Low-speed Pre-collision safety system - Roomy cabin with premium amenities - 7-inch multimedia system with voice recognition NEW YORK, March 31, 2015 – Scion is expanding its line-up in more ways than one. In addition to adding a new vehicle to its stable, it's also adding its first-ever sedan, the remarkably sporty, yet very affordable, 2016 Scion iA. The Scion iA sedan joins the all-new 2016 Scion iM hatchback for a one-two punch in the subcompact and compact segments. The new sans-hatch Scion will arrive in dealerships this fall for an estimated MSRP in the $16,000-range. That's for a mono-spec model equipped with standard Low-speed Pre-collision safety system and 7-inch multi-media system with voice activation. Because Scion has a no hassle, no haggle Pure Price, customers walk out the door with the same price they saw posted in the dealership. "Dramatic" could be an understatement when describing the visual impact of the 2016 Scion iA. Beneath the daringly curved sheetmetal lies a tight, agile machine that re-defines "entry level." Call the design "class above," a term that applies throughout the car.