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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:

MotorWeek remembers retro icons, Supra and NSX

It's easy to poke a joke here and there about John Davis, the long-time host of MotorWeek. His voice is so monotonous that, from time to time, if you closed your eyes, you may think it's generated via a computer. But you have to give him and the rest of the show a lot of credit. The program has been on the air for decades, giving people direct, straight-down-the middle automotive reviews.
MotorWeek's massive back catalog of reviews are slowly making their way onto YouTube, and they provide a fascinating chance to look back on how performance cars rank against their contemporaries from back in the day. Two recent additions include the show's old looks at the 1986 Toyota Supra, the dawn of the third-generation model, and the now-iconic 1991 Acura NSX.
Both reviews are interesting in their own way. These days you hear nary a negative word about the original NSX, but MotorWeek isn't afraid to point out a few flaws. And the Supra really shows the progress of suspension tuning in the intervening decades because it has some serious body roll in the corners. Scroll down to check out both videos and get a blast from the automotive past.