2005 Honda Civic Dx Sedan 4-door 1.7l on 2040-cars

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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.

Honda Civic coupe concept gets Type R render

In presenting the Civic coupe concept at the New York Auto Show earlier this month, Honda confirmed that the Type R will eventually be coming to North America. Honda just didn't say when, and in what form. But given the announcement's coincidence with the coupe concept's unveiling, it stands to reason the Type R could look less like the current hatchback and more like the two-door that was unveiled. And if it is, it'd probably look something like this. At least, we hope. Created by Wild-Speed.com and posted on the enthusiast forums at CivicX.com, these renderings envision what a Type R version of the Civic concept would look like – with two doors and all the go-fast bits. It may not be bright green anymore, but it sure looks mean – from the aggressive aero kit to the performance rolling stock. It's even got quad exhaust tips like the Euro-market hot hatch, but mounted in the center like the concept's. So what do you think, is this the version Honda should be sending to its American dealers? Sound off in the Comments. Related Video:

Honda Civic Tourer Concept shows the shape of European things to come [w/video]

Honda will be expanding its European Civic range this year, and our first glimpse at the shape of things to come arrives in the form of this Tourer Concept at the 2013 Geneva Motor Show. According to Honda, this swoopy concept provides a look at the upcoming Civic Tourer production model, which is set to be revealed in Frankfurt this September.
The Tourer Concept very obviously builds on the design groundwork set by the latest Civic hatchback when it first debuted in 2011. That means there are sharp, angular elements found up front and a sloping roofline that rakes down at the rear. Combine that with the large, concept-spec wheels and the funky front lighting elements, and what we have here is a really attractive little wagon - something that will no doubt battle the new Toyota Auris Touring Sports and Volkswagen Golf Variant that are also making their debut here in Switzerland.
It goes without saying, but don't expect to see this Euro Civic show up in the United States anytime soon. After all, we have the "there, I fixed it" 2013 sedan and coupe to keep us happy. Scroll down for all of the wagony details, including a video.