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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 reveals XR-V crossover in Chengdu

Global automakers have been moving largely towards global products, but that doesn't mean it can't tweak them for local tastes. Take Honda, for example, and its new compact crossover. Unveiled late last year as the Vezel, the crossover is expected to arrive in Europe and North America as the HR-V. But in China, it's being called the XR-V and adopts the form you see here.
Presented by Dongfeng Honda at the Chengdu Motor Show, the new XR-V is based closely on the Vezel but adopts some unique bodywork for a more rugged look. The front end gets a more SUV-like grille and bumper, while the side flanks are less swoopy but with more muscular wheel arches. The result may not be as bonkers as the Mugen version that debut at the Tokyo Auto Salon tuner show, but reminds us more of the similarly named and ruggedized Subaru XV Crosstrek.
Though technically billed as a concept, the Chinese-market XR-V looks just about ready for production as it is. Both 1.5- and 1.8-liter engines are specified, and while there may not be a wealth of other details available, you can read what there is in the press release (presented in original and translated forms) below.

Honda Civic Type R Concept is the shape of hot things to come

Soon, kids. Soon. The next-generation Honda Civic Type R is finally coming, and we're getting another preview of the hot hatch here at the Paris Motor Show. Of course, this one probably won't be headed to the United States (boo!), but it doesn't mean we can't get excited. After all, we're big fans of little turbo hatches, and from what we know right now, this one sure sounds sweet.
Underneath that new blue paint and red decals is a 2.0-liter turbocharged inline-four, reportedly good for 276 horsepower. Honda tells us there's a "steer axis" system with adaptive dampers, and with the push of its +R button, the suspension, steering and torque mapping are all altered to make this Type R even more Type R-ier than before. In fact, Honda says this Civic will surpass every Type R that came before it - that means every Integra, Accord, Civic and even the NSX. Hot diggity.
We've got a fresh batch of images of the Type R Concept up top, and Honda's press release is available below. Hopefully it won't be long before the production car is finally revealed.