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Honda reports $1.9 billion profit in first quarter despite sales lag at home

Ford, General Motors and Chrysler have been living in a world of sunshine and buttercups after their April-through-June financials hit the newswire, and Toyota is doing pretty good as well. Honda? Not so much.
While Japan's third-largest manufacturer saw $1.9 billion in profits, the 5.1-percent jump was lower than expected thanks to a drop in its home-market sales. US sales also took a sting, as Honda hasn't been able to match the SUV and truck demand that are currently permeating the American market, despite an uptick in Accord sales.
Honda's initial forecasts targeted a take of 209.3 billion yen ($2.1 billion at today's rates), and while a $200 million shortfall is nothing to sniff at, we'd hardly take this as Honda being in trouble. And even with the dip, Honda hasn't adjusted its forecast for the fiscal year, which remains at 780 billion yen ($7.9 billion).

Why Japan's government is looking to curb its adorable kei car market

Each region around the world has its stereotypical vehicle. The US has the pickup and Europe the five-door hatchback; but in Japan, the kei car reigns supreme. These tiny cars are limited to just 660cc of displacement but they've also come with lower taxes to make them more affordable. To make of the most of their small size, they've often had quite boxy styling like the Honda N-One shown above, and because they're Japanese, they've often had quirky names like the Nissan Dayz Roox. However, if the Japanese government has its way, the future popularity of these little guys might be in jeopardy. The problem facing them is that Japan is an island both literally and figuratively. After World War II, the Japanese government created the class as a way to make car ownership more accessible. The tiny engines generally meant better fuel economy to deal with the nation's expensive gas, and the tax benefits also helped. It's made the segment hugely popular even today, with kei cars making up roughly 40 percent of the nation's new cars sales last year, according to The New York Times. The downside is that these models are almost never exported because they aren't as attractive to buyers elsewhere (if indeed they even meet overseas regulations). So if an automaker ends up with a popular kei model, it can't really market it elsewhere. The government now sees that as a threat to the domestic auto industry. It believes that every yen invested into kei development is wasted, and the production takes up needed capacity at auto factories. The state would much rather automakers create exportable models. To do this, it's trying to make the little cars less attractive to buy, and thus, less attractive to build. The authorities recently increased taxes on kei cars by 50 percent to narrow the difference between standard cars, according to the NYT. If kei cars do lose popularity, it could open the market up to greater competition from foreign automakers. Several companies complained about the little cars stranglehold on the Japanese market last year, but since then, imported car sales there have shown some growth thanks to the improving economy. Featured Gallery 2013 Honda N-One View 20 Photos News Source: The New York TimesImage Credit: Honda Government/Legal Honda Nissan JDM kei kei car

Honda CR-Z gets much-needed supercharger

Honda has really taken its time in getting an aftermarket supercharger kit for the CR-Z to enthusiasts in the US. It's finally on sale, though, and it makes you wonder if the hybrid hatchback shouldn't have had it from the day it went on sale.
The supercharger kit developed by Honda Performance Development boosts output from the CR-Z's 1.5-liter, four-cylinder engine to 197 horsepower and 176 pound-feet of torque, according to Honda spokesperson Jessica Howell, an improvement of 67 hp and 36 lb-ft. It also adds an air-to-air intercooler, high-flow fuel injectors, a recalibrated ECU and new air filter for $5,495, before installation. However, the setup only works for six-speed manual transmission models from the 2013 and 2014 model years. If you want to take things even further, HPD is also offering an optional limited slip differential for $1,375 and sport clutch for $640, according to Howell.
Development of the supercharger kit has been ongoing for years. We first saw it on the CR-Z Mugen RZ in 2012 in Japan, in which it barely bumped power to 153 hp. Later at SEMA, Honda improved things to a more respectable 185 hp. Then in 2013, we actually got to drive an early version boasting 190 hp and found it a solid improvement over the stock powertrain. It appears Honda had some further tweaks to get things to the current 197 ponies. More good news: assuming you get the package installed at a dealer, the car maintains the balance of its 5 year/ 60,000 mile Honda limited powertrain warranty.