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Profit at Honda doubles on strong global sales of cars and motorcycles

TOKYO — Honda reported Wednesday that its April-June profit more than doubled on healthy sales of its motorcycles and cars, as the Japanese company also received a perk from favorable exchange rates. Honda Motor Co. said its fiscal first quarter profit totaled 363 billion yen ($2.5 billion), up from 149 billion yen. Quarterly sales jumped 21% to 4.6 trillion yen ($32 billion). HondaÂ’s financial service division also reported growing sales. Honda said its profitability improved, especially in North America, where production recovered. Automakers around the world were slammed by supply shortages because of production delays related to social restrictions caused by the COVID-19 pandemic. But such restrictions have eased, allowing production to pick up again. Auto sales were about the same in Japan in the latest quarter as in the previous year, while dropping significantly in China because of intense competition from makers of battery electric vehicles, Honda said. Honda is banking on growth in EVs in the U.S. market, where it recently announced it is joining six other companies in the creation of a high-powered charging network across North America. Worries about climate change have helped set off a dramatic shift in the auto industry toward battery electric vehicles, allowing for relative newcomers like Tesla and BYD to prosper, while catching some Japanese makers off guard with their hybrids and regular gasoline-powered models. Honda said a computer chip shortage crimped its motorcycle sales in India, while sales rebounded in Indonesia as production recovered. Honda said it sold 901,000 vehicles in the latest quarter, up from 815,000 a year earlier. It also sold more motorcycles worldwide at nearly 4.5 million, up from 4.2 million. Honda added 23 billion yen ($160 million) to its quarterly operating profit because of the impact of currency exchange rates. A weaker yen, trading lately at about 143 yen to the U.S. dollar, is a boon for Japanese exporters by boosting the amount of its overseas earnings when converted into yen. Honda stuck to its full year projection of an 800 billion yen ($5.6 billion) profit, up from 651 billion yen a year earlier. Honda shares slipped 0.9% on the Tokyo Stock Exchange. Related video: Earnings/Financials Acura Honda

Acura NSX Concept is pretty on the inside, too [w/video]

The Acura NSX is still a couple years away from production (isn't it always?), but Acura has taken the dark window tint off last year's concept and opened the doors to show us what the interior of the car looks like. From what we can tell on the show-floor display, Acura's hybrid supercar will not only have a sexy exterior design, it will look great from the inside as well, but Acura pointed out that this is just "one possible direction" the interior could go. We suppose that means we can look forward to many more NSX concepts - you won't hear any complaints from us.
Building on Acura's latest tagline of "the synergy between man and machine," the NSX promises to provide a "human connected space" offering a simplified layout presumably chocked full of technology. Looking inside the concept reveals a cabin wrapped in maroon leather with sport bucket seats that will certainly provide plenty of support. We're sure there will be more information about the car and its interior at upcoming auto shows, but until then, scroll down for Acura's press release.

Acura ARX-06 race car revealed with V6 hybrid powertrain

There’s a new Acura race car on the block, and itÂ’s called the ARX-06. It replaces the ARX-05, and Acura plans to race it in the 2023 IMSA WeatherTech SportsCar GTP Championship. Unfortunately, Acura makes no mention of the 24 Hours of Le Mans in all of the details provided with the reveal. That said, it sure looks like a race car that could be made to meet all of the regulations to race in the new LMDh Hypercar class. Acura engineered a new 2.4-liter twin-turbo V6 engine that is paired up with a standardized electric system for hybridization. Acura says the 2.4-liter displacement is the smallest displacement engine the HPD team has made for endurance racing yet. It features a 90-degree V-angle, and itÂ’s designed to run on more sustainable low-carbon fuel. "We've gone in a new direction for HPD in the design of the ICE,” said Pierre Descamps, HPD's powertrain design leader for the ARX-06. “It is still a V6, which of course for Honda is well-known, but we have incorporated several new elements which we believe will make best use of the electric MGU and battery pack. Our new engine will rev to the maximum 10,000 rpm set by the rules, so it also makes a wonderful sound!" The new bodywork penned by the Acura Design Studio in Los Angeles sits on an ORECA chassis (one of the four chassis options required by IMSA and the WEC). Acura notes one big change versus the outgoing ARX-05 is found in the rearview mirrors. Designers were able to move them lower on the car, which improved both aerodynamic performance and visibility for the drivers. Similar to years past, these new ARX-06 race cars will be run by Wayne Taylor Racing and Meyer Shank Racing. TheyÂ’ll make their debut at the Rolex 24 at Daytona next year, where the Meyer Shank Racing team took first place earlier this year. Related video: