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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).

2019 Acura RDX named a Top Safety Pick+ by IIHS

To the accolades being heaped on the all-new 2019 Acura RDX, the automaker can now add another: a Top Safety Pick+ designation from the Insurance Institute for Highway Safety, the organization's coveted top rating. IIHS cites the SUV's good crashworthiness ratings, standard front crash prevention technology and even the availability of "good"-rated headlights, which has become perhaps the group's most daunting hurdle. To qualify for IIHS's top award, a vehicle must earn "good" ratings in the driver-side small overlap front crash test, moderate overlap front, side, roof strength and head restraint tests and an "acceptable" or "good" rating in passenger-side small overlap test. The RDX earns "good" ratings across the board. IIHS also rated the standard AcuraWatch safety technology as "superior," saying it avoided collisions at 12 and 25 mph, and it rated the base LED headlights as "good" and the curve-adapted headlights on the top-of-the-line Advance trim as "acceptable." Autoblog recently learned that 40 vehicle models earned good enough crash ratings to qualify for IIHS' Top Safety Pick rating but fall short because they don't meet the organization's criteria for good headlights. Acura says the 2019 RDX features the newest generation of its Advanced Compatibility Engineering body structure, plus new high-strength steel door stiffener rings and eight airbags. The AcuraWatch suite of safety technologies includes collision mitigation braking, adaptive cruise control and road departure mitigation, all standard. The RDX is powered by a 2.0-liter turbo-four engine that makes 272 horsepower and 280 pound-feet of torque and comes with a 10-speed automatic. The compact luxury crossover went on sale June 1 and set monthly sales records in both June and July. You can find Autoblog's driving review of the 2019 RDX here. Related Video:

7 major automakers to build open EV charging network

A new joint venture established by BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis will build a new North American electric vehicle charging network on a scale designed to compete with Tesla's industry-benchmark Supercharger network. The 30,000-plus planned new chargers will accommodate both Tesla's almost-standard North American Charging System (NACS) and existing automakers' Combined Charging System (CCS) options, effectively guaranteeing compatibility with the vast majority of current and upcoming electric models — whether they're from one of the involved automakers or not.  "With the generational investments in public charging being implemented on the Federal and State level, the joint venture will leverage public and private funds to accelerate the installation of high-powered charging for customers. The new charging stations will be accessible to all battery-powered electric vehicles from any automaker using Combined Charging System (CCS) or North American Charging Standard (NACS) and are expected to meet or exceed the spirit and requirements of the U.S. National Electric Vehicle Infrastructure (NEVI) program." Critically, the automakers involved will have a say in how the charging tech is implemented, guaranteeing that the hardware will play nicely with each automaker's in-house charging systems. Hyundai and Kia, for example, were hesitant to jump on board the Tesla NACS bandwagon earlier this year over concerns that the Supercharger network is insufficient for powering the two automakers' 800-volt charging systems; similar tech is used by Volkswagen and Porsche.  In addition to providing much-needed capacity and high-output charging for America's growing fleet of electric cars and trucks, the new network will integrate seamlessly with each automaker's in-app and in-vehicle features, rather than forcing customers to use third-party tools and payment systems, as is the case with some existing public charging infrastructure.  "The functions and services of the network will allow for seamless integration with participating automakersÂ’ in-vehicle and in-app experiences, including reservations, intelligent route planning and navigation, payment applications, transparent energy management and more. In addition, the network will leverage Plug & Charge technology to further enhance the customer experience," the announcement said.