Archive for the ‘Honda’ Category

U.S. New Vehicle Sales Tick Upward in May

Toyota and Fiat Chrysler led monthly sales surge.

by on Jun.03, 2019

Reid Bigland, FCA head of U.S. Sales, reported that the company's Ram division set a new sales record in May.

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month.

FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th consecutive monthly sales record as demand for both light-duty and heavy-duty pickup trucks remained strong.

News You Can Trust!

It was also the best May ever for the Jeep Grand Cherokee and the highest level of May sales for the Dodge Charger in six years. Overall, total sales rose to 218,702 vehicles. Fleet represented 31% of total sales during the month. On a year-to-date basis, fleet accounted for 22% FCA of sales, the automaker reported. (more…)

Auto Stocks Taking a Beating as Industry Prepares for Mexican Tariffs

Domestic, import automakers alike hammered by Trump plan.

by on Jun.03, 2019

GM imports more vehicles from Mexico than any other automakers, including the Chevy Silverado.

It’s a bear market, at least when it comes to automotive stocks, with Pres. Donald Trump’s planned tariffs on Mexican imports set to go into effect a week from today.

Last Friday, the president tweeted that he was prepared to enact a new 5% tariff on Mexican goods in an effort to pressure that country to stem illegal immigration across the southern border. Barring any resolution, Trump said that would continue to climb to 25% by October 1.

Beyond the Headlines!

Nearly a dozen manufacturers would quickly be forced to either raise prices on vehicles imported from Mexico and risk weakening sales, or absorb the tariffs and take a hit to their bottom lines. But even vehicles produced in the U.S. would face tariffs on imported parts and components, such as engines, wiring harnesses and body and interior trim, according to industry analysts.

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Honda Sees Opportunity to Grow Car Sales in a Light Truck Market

Japanese automaker aims to pick up business abandoned by Detroit’s Big Three.

by on May.31, 2019

Honda's Henio Arcangeli continues to believe in a well-rounded product portfolio.

When Henio Arcangeli came to Detroit this week he might have stopped by the offices of Detroit’s Big Three to offer his thanks. As the senior vice president of the automobile division of American Honda Motor Co., Arcangeli is setting out to pick up some of the business General Motors, Ford and Fiat Chrysler are giving up as they slash their passenger car line-ups.

It’s not that Honda is determined to ignore the rapid shift that has seen sales of SUVs, CUVs, pickups and other light trucks surge to 70% of the American new vehicle market so far this year, it’s just that the Japanese automaker thinks it can continue to grow demand for familiar sedans and coupes, like the Accord and Civic, while also adding more trucks to its own model mix.

The Last Word!

“We all know the narrative: Cars are dead and dying,” Arcangeli said Friday during a lunchtime presentation to the Automotive Press Association. “That’s certainly true for some, but not for us. Our story is a little different.”

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Honda Offering Optional Camera Sideview Mirrors New e Urban Hatchback

Are camera mirrors finally here? In Europe and Japan, Yes. U.S.? Still waiting.

by on May.28, 2019

Honda's new e urban electric vehicle will uses cameras in place of side view mirrors. It debuts in Europe later this year.

Honda is set to become the next automaker to offer customers the option of replacing conventional glass sideview mirrors with a system relying on cameras instead.

The technology will debut on the Honda e urban electric vehicle that will make its debut in the European market – though the automaker hasn’t said precisely when that will be. It will follow the launch of similar technology on the Lexus ES, the Japanese version of the sedan becoming the world’s first production vehicle to offer sideview cameras.

What a Concept!

The technology has long been used on concept cars, automakers contending it could offer a number of advantages, including reduced wind noise and fuel economy-robbing drag. But regulators are only beginning to give camera systems a go in Europe and Japan, with no clear sense when it will be approved by U.S. authorities. (more…)

China Car Sales Tumble for 10th Consecutive Month

Downturn comes as US trade war escalates, domestic economy slips.

by on May.13, 2019

Klaus Bischoff, VW design chief, shows off the SMV Concept at Auto Shanghai last month.

For much of the past two decades, China’s new vehicle market was the envy of the world, with routine double-digit annual growth approaching triple-digit gains on several occasions – but the numbers were down 14.6% in April, marking the 10th consecutive monthly decline.

At 1.98 million vehicles, China remains solidly in the lead as the world’s largest automotive market, but the downturn raises troubling issues for both foreign and domestically owned brands, such as General Motors, Volkswagen, Toyota, Geely and Great Wall, impacting industry earnings around the globe.

Global News!

With China locked in an escalating trade war with the United States and the country’s overall economy showing signs of weakness, industry analysts question how soon the car market will show a recovery. The downturn could force automakers to look for ways to export products from increasingly underutilized Chinese plants, according to observers.

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Honda Takes Q4 Loss, Sees Full-Year Profits Fall 42%

Automaker changing its vehicle development process.

by on May.08, 2019

Honda CEO Takahiro Hachigo said the company lost money in the fourth quarter.

Honda Motor Co. sold more vehicles during first quarter of 2019 than it did during the same period last year, yet reported a $118 million loss, or 13 billion yen, for its fiscal fourth quarter, the company reported.

The Japanese automaker cited unfavorable exchange rates, income tax expenses and other costs as the reasons for the quarterly loss. It reported a 107.7 billion yen profit during Q4 2018.

Product News!

For the full fiscal year, the company reported a profit of $5.5 billion, or 610.3 billion yen, which is down 42% due largely to a lost tax break in the U.S. (more…)

Electrifying America

Volkswagen-funded start-up is rolling out a nationwide network of quick-chargers -- and cutting prices 20%.

by on May.06, 2019

A Chevrolet Bolt is plugged into an Electrify America charger at EA's suburban DC tech center.

Volkswagen plans to spend $50 billion on battery-electric vehicles while General Motors’ CEO says the automaker is on a “path” to go fully electric. Volvo, Nissan, Toyota, Ford and, of course, Tesla, by mid-decade, these and other manufacturers expect to have more than 200 electric vehicles on the market.

But just because you build them doesn’t mean buyers will come, industry analysts warn, pointing to a variety of obstacles to mass acceptance of battery-electric vehicles, or BEVs, including range and cost. But one of the biggest concerns is the lack of a viable charging infrastructure that would allow electric vehicle owners to travel as freely as do owners of conventional gas and diesel-powered vehicles.

Electrification News!

That is beginning to change as charging stations, especially “Level 3” fast chargers begin to pop up across the countryside. And, ironically, that roll-out owes a fair share of credit to Volkswagen’s diesel emissions scandal. Out of the roughly $30 billion the automaker has so far paid out in terms of fines and settlements, $2 billion is funding Electrify America, a start-up helping promote the adoption of plug-based vehicles, in large part by setting up the fastest-growing public charging network in the U.S.

EA is taking another step to increase the appeal of running on battery-power, on Monday announcing plans to cut the cost of charging at one of its stations by 20 percent.

(more…)

Mitsubishi Could Be Next to Reenter U.S. Pickup Market

As sales surge, more manufacturers look for an opening.

by on Apr.29, 2019

Mitsubishi could be back in the U.S. pickup market with an Americanized version of the Triton.

Mitsubishi could be one of the next manufacturers to target the booming U.S. pickup market, according to the company’s North American chief operating officer.

With truck sales, in general, booming, and pickups, in particular, generating a disproportionate share of industry earnings in the region, an assortment of manufacturers have either gotten back into the game or are looking for ways to join established brands like Chevrolet, Ford, Ram and Toyota.

Product News!

The Japanese automaker would “have to have one that’s the right fit for Mitsubishi, for our demographic, and something that’s really competitive in the market,” Mitsubishi North America COO Mark Chaffin told trade publication Ward’s.

(more…)

NHTSA Analyzing 12.3M Non-Takata Airbags Due to Possible Defect

ZF-TRW produced airbags for six automakers.

by on Apr.24, 2019

The 2011–13 Kia Optima has already been recalled once for an airbag problem.

As U.S. auto safety regulators are attempting to wind down the ongoing Takata airbag debacle, they are now investigating nearly 12.3 million vehicles with airbags that may not inflate during a collision.

The vehicles are equipped with airbags produced by ZF-TRW, according to National Highway Traffic Safety Administration, and could be responsible for as many as eight fatalities. The airbags do not inflate due to faulty control units.

News You Can Trust!

The investigation involves 2010-2019 model year vehicles produced by Fiat Chrysler, Honda, Hyundai, Kia, Mitsubishi and Toyota. (more…)

Jeep Plans One Day Sale of Gladiator Launch Edition – and Will Give One Buyer a Year’s Pay to Play

“Go anywhere and live out your dreams,” says brand’s marketing chief.

by on Apr.01, 2019

Jeep hopes to sell 4,190 Gladiator Launch Editions.

With its first pickup in 27 years getting ready to roll into showrooms, Jeep said it will offer a special Launch Edition of the new Gladiator, but only for 24 hours, starting at 12:01 AM on April 4th – what is also known as “4x4 Day.”

The Launch Edition will be a fully loaded version of the off-road Jeep Gladiator Rubicon model and it will carry a steep price tag of $60,815. But to ease the bite – at least for one lucky customer – Jeep will give them “a year’s salary to go anywhere and live out their dreams,” said Scott Tallon, the brand’s marketing manager.

Keep on Trucking!

All told, Jeep will offer a maximum 4,190 of the Gladiator Launch Edition models – a reference to the 419 area code for Toledo, Ohio, where all of the pickups will be assembled.

(more…)


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