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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.

Mazda confirms MX-30 will get a rotary engine as a range extender

Mazda teased out the possible return of the rotary engine as a range extender in the MX-30 earlier this year, but now the rotary’s return appears to be official for MazdaÂ’s new crossover. In a video (below, skip to 7:34, and turn on English subtitles) streamed to MazdaÂ’s official YouTube channel, CEO Akira Marumoto confirmed that Mazda will use a rotary engine in the MX-30. Just as it was initially teased out, Mazda plans to use the rotary as a range extender on the otherwise all-electric version of the MX-30. Marumoto said that it will begin testing with a small batch of prototypes next year. The goal is to have a production version of the MX-30 with a rotary engine on Japanese roads in 2022. Unfortunately, Mazda wasnÂ’t super forthcoming about the specifics of this upcoming rotary engine. A news brief over two years ago (where Mazda officially confirmed the rotary was coming back) contained the most detailed information about the engine. Mazda says itÂ’s going to be compact, have a high power output and be a smooth operator. Of course, those are all things we expect out of a rotary engine. Any numbers or specifications for the engine are still unknown. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Mazda hasnÂ’t announced specific plans for this rotary range extender outside of the MX-30 for now. The cute and spunky MX-branded crossover is now on sale in Japan where itÂ’s launching with a mild-hybrid powertrain. An all-electric version of the MX-30 has been on sale in Europe for about a month now, too. There are still no official plans for Mazda to unleash the MX-30 on the American public, and even if it did, thereÂ’s no guarantee that weÂ’d get one with a rotary range extender. Mazda could always stick the rotary in a different car, but thatÂ’d mean an even longer wait for us to see one here. TodayÂ’s news is certainly worthy of some excitement for rotary enthusiasts, but there are still plenty of questions left unanswered. Related Video:

A car writer's year in new vehicles [w/video]

Christmas is only a week away. The New Year is just around the corner. As 2014 draws to a close, I'm not the only one taking stock of the year that's we're almost shut of. Depending on who you are or what you do, the end of the year can bring to mind tax bills, school semesters or scheduling dental appointments. For me, for the last eight or nine years, at least a small part of this transitory time is occupied with recalling the cars I've driven over the preceding 12 months. Since I started writing about and reviewing cars in 2006, I've done an uneven job of tracking every vehicle I've been in, each year. Last year I made a resolution to be better about it, and the result is a spreadsheet with model names, dates, notes and some basic facts and figures. Armed with this basic data and a yen for year-end stories, I figured it would be interesting to parse the figures and quantify my year in cars in a way I'd never done before. The results are, well, they're a little bizarre, honestly. And I think they'll affect how I approach this gig in 2015. {C} My tally for the year is 68 cars, as of this writing. Before the calendar flips to 2015 it'll be as high as 73. Let me give you a tiny bit of background about how automotive journalists typically get cars to test. There are basically two pools of vehicles I drive on a regular basis: media fleet vehicles and those available on "first drive" programs. The latter group is pretty self-explanatory. Journalists are gathered in one location (sometimes local, sometimes far-flung) with a new model(s), there's usually a day of driving, then we report back to you with our impressions. Media fleet vehicles are different. These are distributed to publications and individual journalists far and wide, and the test period goes from a few days to a week or more. Whereas first drives almost always result in a piece of review content, fleet loans only sometimes do. Other times they serve to give context about brands, segments, technology and the like, to editors and writers. So, adding up the loans I've had out of the press fleet and things I've driven at events, my tally for the year is 68 cars, as of this writing. Before the calendar flips to 2015, it'll be as high as 73. At one of the buff books like Car and Driver or Motor Trend, reviewers might rotate through five cars a week, or more. I know that number sounds high, but as best I can tell, it's pretty average for the full-time professionals in this business.