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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 Hazumi Concept previews next Mazda2 in Geneva [w/videos]

The official photos of Mazda's Hazumi concept leaked out yesterday, but we have finally gotten to see it in real life at the Geneva Motor Show. Our view is that its Kodo lines looks as good on the diminutive car's sheet metal as they did in photos.
The Hazumi was designed to appear to be bursting with energy, and it seems to deliver. While Mazda refuses to actually say that this is the concept for the next Mazda2, it makes it clear that the little hatchback is "foreshadowing Mazda's next-generation subcompact car." We can all read between the lines.
Hazumi also introduces the new Skyactiv-D 1.5-liter diesel engine but details about it are scant at the moment. The specs for the engine are still unannounced, but the company promises that it is both very efficient and has lots of torque for its size. Mazda is also promising that its Mazda Connect infotainment system will be available in the car too. Scroll down for the brief press release a brace of videos that celebrate the tiny concept's arrival.

2020 Mazda3 Hatchback Drivers' Notes | Luxury with a manual

The new Mazda3 wowed us when we got behind the wheel for the first time last year. Today, just one year further along, the 2020 Mazda 3 is still a delightful, premium offering in the compact segment. We happened to spend a week in the 2020 Mazda3 Premium Hatchback with a manual transmission, the most engaging and luxurious variant available. Mazda is sticking to its guns of only offering the manual transmission on the top-of-the-line Premium trim this year, and the only notable change is a $100 price increase. The manual also remains available only with front-wheel drive; all-wheel drive is optional but must be paired with the six-speed automatic. We’re expecting to see the magical Skyactiv-X engine show up on our shores eventually, but for now, the 2020 Mazda3 continues on with the 2.5-liter Skyactiv-G four-cylinder. It makes 186 horsepower and 186 pound-feet of torque. The manual transmission is a six-speed unit and contributes to a fuel economy rating of 29 mpg combined. Honda is challenging the Mazda3 manual in the new model year with its premium Civic Hatchback Sport Touring model that is newly available with three pedals. This Mazda3 is still rather expensive in this class, though, with our tester coming in at $30,665 after a few options were tacked on. That equipment is as follows: Soul Red paint ($595), navigation ($450), illuminated door sill plates ($425), auto-dimming mirror ($275), wireless charging pad ($275), rear bumper guard ($125) and a rear cargo mat ($100). Associate Editor Joel Stocksdale: I love this car so much. I love the design. I love the materials. But most of all, I love the way this car steers and handles. Every fraction of a degree of steering input yields exactly as much change to the eager nose. The steering wheel gives you a high-definition picture of what's happening between the tires and the pavement. The chassis feels neutral and has plenty of grip. Even its simple torsion-beam rear suspension stays planted over slightly bumpy corners. There's hardly any body roll. This car constantly begs you to take it corner carving, and even on short errands I found myself zipping up and down on-ramps and off-ramps that were out of my way, just because it was fun. With a turbo engine (hint-freaking-hint, Mazda), it could be a killer hot hatch. Assistant Editor Zac Palmer: This car might just be the perfect daily driver for someone with a reasonable budget and no large hauling needs.