1992 Honda Prelude on 2040-cars

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The glorious return of the Civic Type R

This is it Honda fans, the moment you've all been waiting for. This is the new generation Civic Type R that will finally come to the US. Or at least it pretty much is. Technically this is still a prototype, and the production model will be shown early next year. However, based on Honda's recent Civic "concepts," you can rest easy knowing nothing major is going to change. The biggest change you'll probably see is in paint finish. The concept here has been given an interesting brushed aluminum-look vinyl wrap. If you're really have to have it, there's probably a decal shop nearby that could hook you up. View 22 Photos Moving past that, the Type R takes the standard hatchback and adds aggression rather than lightness. The front bumper is widened with extra slats, along with the fenders front and rear. It also gets a deeper chin spoiler in bare carbon fiber with a red accent stripe. Up on the hood is the intriguing addition of a scoop. We assume it's functional, and we imagine it feeds a top-mounted intercooler like the scoops on the Subaru WRX and last Mazdaspeed3. According to rumors, the engine under the scooped hood could produce as much as 340 horsepower. The sides of the car also get carbon fiber side skirts to go along with the front spoiler. The widened fenders accommodate fat wheels shod with 245 width tires. This leads to the back where the Type R once again receives an over-the-top rear wing, which we assume to be just as functional as the last one. The rear of the Type R also gets one more cool feature. It has functional, triple tailpipes, just like the Ferrari 458 Italia and the F40. Honda also brought attention to the exhaust by painting the center pipe red. We don't yet know the exact purpose of the third pipe, but we're excited to find out. As previously mentioned, this is just a "concept" and the production model will be shown early next year. After that, the Type R will be released in Europe first during the second half of 2017. US availability has not been announced yet. Related Video: Related Gallery Honda Civic Type R Concept Paris Motor Show Image Credit: Live photos copyright 2016 Drew Phillilps / Autoblog Paris Motor Show Honda Hatchback Performance honda civic type r hot hatch 2016 paris motor show civic type r hot hatchback

Honda profit targets tumble in wake of Takata scandal

Takata's massive airbag inflator recall will likely do some damage to Honda's bottom line this year, according to the Japanese automaker's latest forecasts. The company will allocate 50 billion yen ($425 million) to fulfill costs related to the safety campaigns, Reuters indicates. The decision will reduce estimated operating profit by about 6.5 percent to 720 billion yen ($6.1 billion US) for the fiscal year ending March 31. In addition to lower profits, Honda also cut back its sales estimate for the year to 4.45 million vehicles from the previous 4.62 million, according to Reuters. This was largely due to lower-than-expected demand in Japan. "We are not seeing a big impact on sales in North America from the airbag issue," company vice president Tetsuo Iwamura (pictured above) told Reuters. The decreased forecasts come at the same time as the possibility of another death in a Honda vehicle from the Takata parts. According to Automotive News, a man in Florida died in a crash in his 2002 Accord, but investigators have not yet determined whether the inflator was the cause. However, the vehicle was included in a 2011 recall for the part and was not repaired. The family intends to file a lawsuit alleging the inflator ruptured, spraying metal shrapnel into the driver's neck. Reportedly, the owner was never notified of the recall. While the Takata inflator recall is affecting many companies with alleged links to at least five deaths and 139 injuries worldwide, Honda has it among the worst. Including vehicles covered under the previous regional repair campaign for the issue, the automaker needs to repair roughly 5.4 million vehicles just in the US. Honda has taken action by employing suppliers other than Takata to supply some of its replacement parts for the recall. The business is also reportedly switching airbag suppliers for the next-gen Accord and possibly the 2016 CR-V and Odyssey.

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.