Acura Zdx W/technology Pkg 3.7l V6 Navigation Moonroof Two Owner Clean Carfax on 2040-cars

Auto blog

Honda reports $2.3 billion profit despite pandemic

TOKYO — Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world. Tokyo-based Honda said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world. Honda said it carried out aggressive cost cuts that involved a “fundamental review” of its operations. The situation was also improving from earlier this year, when lockdowns and other problems related to COVID-19 caused disruptions of some production and an inventory crunch. Quarterly sales slipped to 3.65 trillion yen ($35 billion) from 3.73 trillion yen the same period a year earlier. Honda warned that uncertainty remains amid rising COVID-19 cases. But the company stressed it was managing to cling to profitability. Reflecting that upbeat mood, Honda raised its profit forecast for the fiscal year through March 2021 to 390 billion yen ($3.8 billion) from an earlier projection for 165 billion yen ($1.6 billion). The latest forecast is still lower than the 455.7 billion yen profit Honda booked in the previous fiscal year. Honda sold slightly more vehicles in the quarter through September at 1.25 million vehicles, compared to 1.24 million vehicles in the same period of 2019. But it sold fewer motorcycles at nearly 4.5 million motorcycles, down from nearly 5.1 million. Kohei Takeuchi, a senior Honda manager, said much of the damage to sales likely came from the pandemic, though he hesitated to blame the entire decline on the pandemic. Executive Vice President Seiji Kuraishi told reporters Honda is bullish on shifting its lineup to ecological models to keep up with the global efforts to curb carbon emissions and global warming. Also Friday, Toyota raised its full year fiscal forecasts to a 1.4 trillion yen ($13.5 billion) profit, after reporting results that appear to show a gradual but sure recovery. Its profit fell 11% in the last quarter. Nissan reports financial results next week. Related Video: Earnings/Financials Acura Honda

Autoblog Podcast #372

Episode #372 of the Autoblog podcast is here, and this week, Dan Roth and Chris Paukert are joined by Peter Leung of RichlandF1 to talk Formula One, the impending demise of Bertone, and Honda spinning Acura off into its own division. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel, thanks for taking the time. Check out the new rundown below with times for topics, and you can follow along down below with our Q&A. Thanks for listening! Autoblog Podcast #372: The video meant to be presented here is no longer available. Sorry for the inconvenience. Topics: Bertone goes bust Mercedes F1 Power Unit Honda spinning off Acura In the Autoblog Garage: 2014 Jeep Cherokee Limited 2015 Subaru WRX STI 2014 Land Rover Range Rover Autobiography Hosts: Dan Roth, Chris Paukert Guest: Peter Leung Runtime: 01:37:41 Rundown: Intro and Garage - 00:00 Formula 1 - 26:39 Bertone - 50:42 Acura - 01:02:19 Q&A - 01:14:38 Get the podcast: [UStream] Listen live on Mondays at 10 PM Eastern at UStream [iTunes] Subscribe to the Autoblog Podcast in iTunes [RSS] Add the Autoblog Podcast feed to your RSS aggregator [MP3] Download the MP3 directly Feedback: Email: Podcast at Autoblog dot com Review the show in iTunes Design/Style Marketing/Advertising Motorsports Podcasts Acura Honda Jeep Land Rover Subaru

The all-women Acura NSX team previews a way forward for racing

DAYTONA, Fla. — There is a team at the 24 Hours of Daytona that's just like any other team, with experienced drivers who rightly earned their spot in the top endurance racing series in America. They are prepared to run a full season in a competitive car, and they even set the fastest time in their class at the pre-season Roar Before the 24 test. The only difference between this team and any other is that its drivers happen to be women. We went to Daytona to talk to them about their journey to the race. The No. 57 Heinricher Racing with Meyer Shank Racing Acura NSX GT3 Evo team features a roster of talented, experienced drivers: Katherine Legge, Simona de Silvestro, Bia Figueiredo and Christina Nielsen. While there have been four other all-women lineups at Daytona before, the No. 57 team is the first to be considered truly competitive. Team founder Jackie Heinricher, a biotech CEO who has raced in Ferrari Challenge, Global Rallycross Lites and Lamborghini Super Trofeo, was coached by Legge. Two years ago, she had the idea to run a car full of women – and not just a token effort, but rather a car full of drivers who could win. "The car does not know your gender, and I feel as if this sort of professional effort legitimizes that in a way that's particularly important and inspirational outside of racing," Heinricher told Autoblog. Heinricher had seen Legge struggle to get the right funding for rides before, so she didn't want to limit this team to whoever could pay. So, she first lined up the funding, thanks largely to support from primary sponsor Caterpillar. It took awhile, though, as many companies simply told her that they were out of racing sponsorships entirely. "I think perseverance might be the most underrated human quality," Heinricher said. "I just didn't give up." After funding was in place, she found a competitive partner in the Meyer Shank Racing crew, whose owner Michael Shank has run a pair of factory-backed Acura NSX GT3s in IMSA's GTD class since 2017. The GT3 shares an engine and turbo with the road-going NSX but ditches the hybrid system, making it about 670 pounds lighter. The No. 57 car is an EVO variant, which Legge helped develop, and it features improved aerodynamics to better suit it to the mix of pro and amateur drivers who take shifts racing in the GTD class. Legge had been on Shank's NSX team for the past two years as well, so Heinricher reached out to her for help assembling women who truly had the ability to win.