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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 recalling 190,000 CX-7s due to rusty ball joints

UPDATE: This post has been updated with additional information from Mazda. The Basics: Mazda is recalling 190,102 Mazda CX-7 crossovers built between February 14, 2006, to May 9, 2012 – model years 2007 through 2012. The Problem: Water can sneak in between the suspension ball joint fittings. If snow and road salt are common in your neck of the woods, the joints can corrode and separate from the lower control arms. That's bad if you enjoy steering your CX-7. According to Mazda, owners of affected models may notice a rattle from the front suspension due to the loose ball joint in the lower control arm fitting. Mazda describes separation of the ball joint and control arm as a "worst case" scenario "after extended operation in such condition." Injuries/Deaths: It's unknown if the rusting issue has led to any crashes, injuries, or deaths. Autoblog has a call into Mazda for additional details and will update this post with any new information. There have been no reports of accidents, injuries, or fatalities related to this recall. The Fix: Owners should report to their local Mazda service center, where techs will replace the both front lower control arms. Any work done is free of charge. If you own one: Mazda will perform some automotive triage with this recall, focusing on CX-7s that have had the longest exposure to salt and are most likely to suffer control arm separation first. Owners of 2007s and 2008s come first, followed by 2009 through 2011 models. Mazda will also focus on vehicles registered in states where snow and road salt are most common – Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, Wisconsin, and Washington, D.C. If you live in a more temperate region or own a 2012 CX-7, Mazda will perform recall work as "parts are available." Owners can contact Mazda customer service at 1-800-222-5500 for additional info. Recall notices should hit the mail around October 10th. Related Video: Featured Gallery 2011 Mazda CX-7: Review View 21 Photos News Source: NHTSAImage Credit: Copyright 2016 AOL Recalls Mazda Crossover mazda cx-7

Mazda3 Skyactiv-Hybrid and CNG Concept shown in Japan

Mazda has received a tremendous amount of public and industry praise in the last few years, following up the successful introduction of its Skyactiv technology (powertrain and otherwise), with strong products like CX-5, Mazda6 and most recently, the Mazda3. At the Tokyo Motor Show, Mazda has taken yet another step forward with Skyactiv and the 3, showing the compact (called "Axela" in Japan) with an all-new compressed natural gas engine in the Skyactiv-CNG Concept.
The end result of the Skyactiv-Hybrid is fuel consumption estimated at something like 74 miles per gallon.
Mazda thinks that CNG-powered vehicles are due for an uptick in demand, and the company believes this new powertrain will add valuable breadth to the Mazda3 range. The CNG Concept is actually a duel-fuel vehicle, capable of running on either natural gas or gasoline. In fact, we're told that the high compression ratio (14:1) inherent in Skyactiv-technology gasoline engines makes conversion to CNG particularly simple.