1999 Acura Cl Premium Coupe 2-door 2.3l Very Clean Car. Runs Great on 2040-cars

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Honda profit declines on semiconductor crunch and raw material costs

TOKYO — HondaÂ’s fiscal first quarter profit fell 33% from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported Wednesday that its profit totaled 149.2 billion yen ($1.1 billion) in the April-June quarter, down from 222.5 billion yen ($1.7 billion) a year earlier. Quarterly sales slipped 7% to 3.8 trillion yen ($28 billion). Honda kept its profit forecast for the full fiscal year through March 2023 unchanged at 710 billion yen ($5.3 billion). The semiconductor shortage has hurt all the worldÂ’s automakers, including Honda, despite strong demand, and the manufacturers have been scrambling to secure alternative suppliers. Honda, which makes the Accord sedan, Odyssey minivan and Civic compact, sold about 815,000 vehicles last quarter, down from 998,000 vehicles the same period a year earlier. Auto sales dropped in almost all regions around the world, including Japan, the U.S. and Europe. “I ask for the understanding from all those who are still waiting for their vehicles and vow that our whole company is doing its utmost to make the deliveries even a day sooner,” Chief Financial Officer Kohei Takeuchi said. Takeuchi said the semiconductor shortage curtailed motorcycle production as well as car production, adding to uncertainty about future prospects. Honda said the recent lockdown in Shanghai was among the causes of the shortage in computer chips supply but declined to give specifics. Although U.S. sales are potentially facing a dent from recession worries and other economic hardships, Takeuchi acknowledged he was more worried about the shortage problem and producing the cars customers were waiting for. Takeuchi noted that motorcycle sales for the quarter, which grew to 4.25 million motorcycles from 3.88 million a year earlier, were going strong, especially in India. The cheaper yen and cost cuts helped maintain profitability overall, he added. The yen has been at a two-decade low against the U.S. dollar. A cheap yen has historically worked as a boon for exporters like Honda by boosting the value of their overseas earnings when converted into yen. But it also increases costs for imported components and materials. JapanÂ’s top automaker Toyota Motor Corp. reported recently that its fiscal first quarter profit fell nearly 18%. Nissan Motor Co. saw its quarterly profit plunge to less than half of what it was a year earlier.

2024 Acura ZDX revealed with up to 500 horsepower

The 2024 Acura ZDX electric SUV has been revealed along with many of the basic specifications. It will be available in two basic trims, the A-Spec and the Type S, and both offer fairly impressive performance and range wrapped in a package that's very similar to the Precision EV concept. The basic shape of the ZDX is quite close to the Precision, but everything has been softened. The nose still leans forward with a solid main grille, it has a floating roof, silver lower trim and a cab-rearward shape. Concessions to practicality include the conventional door-pulls and larger lower grilles for powertrain cooling. The A-Spec and Type S look pretty similar, with the main difference being wheel size: 20 inches for the A-Spec and 22 for the Type S. The A-Spec's tires are also 265-mm wide while the Type S gets 275-mm tires. And that top-trim ZDX gets the option of the Double Apex Blue Pearl from the concept, or the Tiger Eye Pearl from other Type S models. Unlike the Precision, the ZDX actually has an interior, and it does a good job of hiding its GM roots, at least at first glance. It has a low dash with slim air vents and a pair of screens for instruments and infotainment; 11 inches and 11.5 respectively. The screens are split up, and sit low behind a wraparound cowl design. Looking closer, though, and you'll see that the steering wheel and climate controls are carryover from the related Blazer EV, though that's not necessarily a bad thing. Acura has another important difference from the GM products: It will feature wireless Android Auto and Apple CarPlay, in addition to all the Google Built-In apps. An 18-speaker Bang & Olufsen sound system is standard, too. Other fancy tech includes rear emergency braking with rear cross-traffic and pedestrian detection, blind-spot monitoring with steering assist, automatic parallel parking and, thanks to being based on a GM platform, hands-free highway driving assist (Super Cruise by any other name). Digging beneath the surface, we find that the A-Spec will come standard in rear-wheel-drive form, quite the departure from a company with decades of front-drive history and experience. It gets a single rear motor making 340 horsepower. It will be available with a dual-motor all-wheel-drive powertrain that we're presuming has the same total output, seeing as Acura didn't specify a different amount. Multi-link independent suspension with fixed shocks and springs are also standard for the A-Spec.

2014 Acura RDX adds new standard features, starts at $34,520*

Coming off a complete redesign for 2013, the second model year the second-generation Acura RDX has received a few tweaks to its equipment packaging and a slight increase in pricing for 2014. With all models receiving a price hike of $200, the 2014 RDX will now have a base price of $34,520 (*not including $895 for destination).
New for the 2014 RDX, Acura has included even more technology to the standard models, including a push-button starter, rear-view camera and an updated audio system that delivers Pandora Internet radio, SMS text messaging and Active Noise Control. Buyers will still be able to add all-wheel drive and the optional Technology Package. Scroll down for a press release breaking down more features of the 2014 RDX and complete model pricing.