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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).

Honda signs on as Pikes Peak sponsor, race participant

Honda plans to storm the Pikes Peak International Hill Climb on June 30, entering ten cars in nine classes at the race to the sky, and signing on as a corporate sponsor. Part of the company's return to grassroots racing - if that's what you can call factory-backed efforts - the banners of Honda R&D and Honda North America will fly on these entries: a first-gen Acura NSX, an Acura TL SH-AWD, Honda CR-Z, Honda Fit EV, one CRF450R and two CRF250R motorcycles, a CBR1000RR motorcycle and a TRX450 ATV.
One more entry, details of which are to be announced later, will be driven by IndyCar pilot Simon Pagenaud of Schmidt Hamilton HP Motorsports. LoveFab (pictured above during practice last year) will be there with its new, NSX-based Enviate, but as a privateer entry.
Honda's been to the mountain before, with high-powered gear in 2012 and record-setting EVs in 1994 and 1999, but it's never made noise like this. Have a read of the press release below for more info.

New TLX A-Spec leads Acura's three-car Pike's Peak attack

Once again, Acura is headed to Pikes Peak for the hillclimb on June 25 with a small group of machines. This year the focus is on the TLX, with two vehicles bearing the sedan's name and shape. The two cars are very different, though, and will compete in two different classes. The first is the TLX A-Spec. This started life as a production TLX, but the 3.5-liter V6 has been reworked with pistons, rods, camshafts, and a valvetrain from Acura's TLX GT race car. The engine also has a turbocharger, which helps the V6 make an impressive 500 horsepower. All those ponies go to the front wheels through a limited-slip differential. In addition to the powertrain upgrades, the interior has been gutted, and a big wing and front splitter fitted. The A-Spec will compete in the Pikes Peak exhibition class. The other TLX is a TLX GT. This is the type of car from which the A-Spec borrows engine components, but not the TLX GT's twin-turbocharger system. TLX GTs have already been competing in motorsports, specifically in the Pirelli World Challenge. Acura did make some changes to this car for Pikes Peak, though. The suspension and engine computer have been tweaked, gear ratios shortened, and additional aerodynamic bits added for more downforce. The TLX GT will compete in the open class. Despite the focus on the TLX, Acura is still bringing an NSX to the hill climb. This car is similar to the one that raced in the Time Attack 1 class last year, but has some changes for the Time Attack 2 class. Most notable of these changes are the massive rear wing and front splitter. According to Acura, these aerodynamic aids were based on those used for the NSX GT3 race car. Acura also reduced weight, changed the tuning on the engine computer, and fitted sticky R-compound tires. Related Video: Featured Gallery Acura Pikes Peak race cars View 9 Photos Image Credit: Acura Motorsports Acura Coupe Racing Vehicles Sedan acura tlx acura tlx gt