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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).

Acura NSX to race in GT3 or GTE

Honda is reportedly planning to roll out a racing version of the new Acura NSX. It just hasn't decided yet on which class it wants to enter it into, to whose specifications it will build it, and which department will be tasked with the project. The original NSX competed principally in Japan's own Super GT series. So did the subsequent HSV-010 GT that was originally designed to be the NSX's replacement. But Acura's new supercar is as much an American vehicle as a Japanese one, and as such it looks more likely to compete on American soil. The options which Honda is considering boil down to GTE and GT3. What's the difference, you ask? Until just a few years ago, international sports car racing was split between GT1, GT2, GT3, and (to a lesser extent) GT4 classes. GT1 was phased out in 2009, GT2 was reformatted into GTE (with both Pro and Am categories), while both GT3 and GT4 carried on. Today GTE is run at the 24 Hours of Le Mans and its associated championships around the globe: the FIA World Endurance Championship, the European Le Mans Series, the Asian Le Mans Series, and the United SportsCar Championship. Meanwhile GT3 is run in series like the Blancpain Endurance Series and a growing number of regional championships. (GT4 is run in lower-level series for amateur racers.) Acura currently runs the TLX-GT in the Pirelli World Challenge here in America. But as the series moves to GT3 specifications as well, the company is facing the decision of either adapting the existing racer to the new regulations (and coming away with a potentially compromised package), or replace it entirely. The NSX could prove just the ticket, however the GTE class may ultimately give it more exposure. Whichever rulebook Acura opts to play by, it likely won't be running under hybrid power – an element which would add complication but not necessarily much benefit under current regulations. The automaker will also have to decide who will develop the new NSX racer, with both California-based Honda Performance Development (HPD) and Italian outfit JAS Motorsport (which fields Honda's WTCC team) eyed as potential candidates. Related Video:

Acura NSX to be built in Ohio in 2015

Honda today confirmed that the forthcoming Acura NSX hybrid supercar will be built at a brand-new facility in Ohio. This will be the company's third plant in Ohio, and will come as the result of a $70 million investment. Honda first hinted that NSX production would be coming to Ohio when the original concept car was revealed at the 2012 Detroit Auto Show.
Honda's new facility, called the Performance Manufacturing Center, will encompass a 184,000-square foot space inside of the automaker's former North American Logistics building and will employ 100 associates. As you might expect, the Performance Manufacturing Center is located just a few miles from Honda's American-based R&D facility, as well as the Marysville auto plant, where production of the 2014 Accord Hybrid will kick off this fall.
"The location of this facility is in the midst of one of the greatest collections of engineering and production talent in the world. So it makes sense that we will renew the dream and build this high-tech, supercar in Marysville, Ohio," said Hidenobu Iwata, president and CEO of Honda of America, in a press release.