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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).

No S660 for US, but Honda wants sporty cars

Honda, best known lately for being a mainstream player rather than the brand that brought us the CRX Si, NSX, Integra Type-R, and S2000, apparently wants to builds sporty cars for the US again. With that in mind (or not), Honda has ruled out bringing the tiny, sporty S660 roadster across the Pacific. "I wouldn't put my chips on [the S660]," American Honda Executive Vice President John Mendel told Automotive News. At nearly 11.1 feet long, the S660 slots in between the 12.8-foot Mazda MX-5 Miata and the 8.8-foot Smart ForTwo. Yet Mendel says the tiny two-seater wouldn't work here. "When the practicalities of the market come in, and the car only so big, that might not be the best car for the US market," Mendel said. "It might be better for India or China or somewhere else." Honda is considering its options here in the US, though. As AN reports, after his takeover earlier this year, new CEO Takahiro Hachigo promised more sporting models, like the new, US-bound, 300-horsepower Civic Type R. And while it's no secret that Honda has filed patent drawings for a mid-engine model, Mendel offered little to indicate that it'd become a reality. Calling the project from Honda's Silicon Valley research and design facility a "design study," Mendel wouldn't answer AN when it asked whether this new model was successor to the S2000 or a more attainable, lower-powered NSX. He did, however, say his company was getting pressure from dealers over the lack of verve in the company's lineup. "They want anything in the sports car world," Mendel told AN. "They're going, 'Gimme a sports car.' They want a retractable hardtop; they want a high-horsepower $20,000 sports car. Because that's the nature of what they do." There you are, Honda. Your dealers want it, which means your consumers are probably are asking for it, and your CEO wants it, too. Make something happen.

2016 Acura NSX grows into its updated styling for the 2015 Detroit Auto Show [w/videos]

It's not immediately clear at first glance, but the Acura NSX as it appears on the floor at the 2015 Detroit Auto Show is a far cry from the concept from the 2013 show. These days, the NSX packs a twin-turbo, longitudinally mounted V6 with over 550 horsepower on tap and nine-speed dual-clutch gearbox. Although, the three-motor hybrid setup remains with two units at the front and one for the rear axle. The numerous slashes and scoops make the design look much more aggressive than the earlier concept, but the changes go much deeper than the new skin. There's an inch of extra width and 3.1-inches more overall, including 0.8-inches extra length in the wheelbase. Underneath it all, is a carbon fiber floor and aluminum-intensive chassis to provide strength to harness all of its power. Unfortunately, Acura isn't specifically announcing engine output, the weight or the design's drag coefficienct yet, so there are still questions to answer. However production starts in fall 2015 with the order books opening in the summer. Pricing is among the factors that the Japanese brand isn't discussing, but it likely costs about $150,000 to park the company's latest supercar in your driveway. In the meantime, enjoy admiring this upcoming entry in the hybrid supercar market. Related Video: