Latest news with #PittsburghAutoShow
Japan Today
06-08-2025
- Automotive
- Japan Today
Honda forecasts drop in profits despite strong U.S. auto sales
FILE - This Feb. 14, 2013, file photo shows a Honda logo on the trunk of a Honda automobile at the Pittsburgh Auto Show, in Pittsburgh. (AP Photo/Gene J. Puskar, File) By YURI KAGEYAMA Honda's profit in the last quarter was half of what it was a year earlier, the company said Wednesday, as automakers were hit by 25% tariffs on vehicle exports to the United States. The Japanese automaker reported Wednesday that its April-June profit totaled 196.7 billion yen, about half of what it earned during the same period the previous year at 394.7 billion yen. Quarterly sales edged 1.2% lower to 5.3 trillion yen. The Tokyo-based maker of the Accord sedan and Asimo robot revised upward its profit forecast for the full fiscal year through March 2026 to 420 billion yen, better than its earlier estimate of 250 billion yen. The improved projection still marks a 50% drop from the previous year's results. Honda stuck to its forecast to sell 3.62 million vehicles worldwide in this fiscal year. It said its motorcycle business in Brazil and Vietnam was solid, while North American car sales also remained strong despite headwinds from the tariffs. The negative impact of the tariffs was estimated at about 450 billion yen ($3 billion), based on 'a detailed review,' according to Honda. The company's auto sales declined year-on-year in Japan, the rest of Asia and Europe. Honda's quarterly global auto sales totaled 839,000 units, down from 869,000 the same period last year. Honda also said it posted a one-time expense related to electric vehicles, such as losses related to EVs sold in the U.S. and write-offs for lineup changes. Eiji Fujimura, Honda's chief financial officer and director, welcomed an agreement between the U.S. and Japan to cut an initially planned 25% tariff on imported autos to 15%. That will work as 'a positive' for the company's business, customers, suppliers and shareholders, he said, even if it's higher than the original level. Fujimura stressed that Honda has long tried to promote free trade and fair competition around the world to deliver quality products and, in his words, 'contribute to the local community.' 'Now we must face up to this new normal,' he told reporters. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Toronto Sun
21-07-2025
- Automotive
- Toronto Sun
Ford recalls more than 764,000 Bronco Sport, Escape vehicles due to fuel injector issue
Published Jul 21, 2025 • Last updated 5 minutes ago • 1 minute read This Photo taken Feb. 14, 2013 shows a Ford logo at the 2013 Pittsburgh Auto Show in Pittsburgh. Photo by Gene J. Puskar / AP Ford is recalling hundreds of thousands of Bronco Sport and Escape vehicles in the U.S. and Canada because the fuel injector may crack and leak, which may cause a fire. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account According to Transport Canada, 70,618 vehicles are affected by the recall. More than 694,000 vehicles in the U.S are being recalled. If fuel leaks inside the engine compartment and there's a hot engine or exhaust components, it could increase the risk of a fire. The recall impacts certain 2021-2024 Bronco Sport and 2020-2022 Escape vehicles equipped with 1.5L engines. Ford has been looking into the fuel injector issue since 2022, according to the National Highway Traffic Safety Administration. The company's field review committee approved recalls in November 2022, March 2024 and March 2025, during which it performed software updates. Ford has continued to investigate the issue. As part of the ongoing process, the automaker looked at corrosion as a contributing factor to fuel injector cracks between April and May 2025. This advertisement has not loaded yet, but your article continues below. Ford identified injector cracking on eight vehicles that experienced underhood fires. Six of the vehicles didn't have updated engine control software. The automaker isn't aware of any injuries related to the fires. Earlier this month Ford's field review committee decided to issue a recall for certain vehicles to update their engine control software for free until a final remedy is available. Transport Canada said Ford will notify owners by mail. 'As an interim repair, a dealer will update the engine control software to detect fuel injector leaks,' Transport Canada said. 'Owners that have already received this software update will be informed that the interim repair is not required. Once the final repair is available, you will need to return to a dealership. The final corrective actions for this recall are under development.' Vehicle owners can contact Ford Canada's customer service at 1-800-565-3673 and reference recall number 25S76. Toronto & GTA Canada Football Editorial Cartoons Uncategorized
CBS News
14-02-2025
- Entertainment
- CBS News
The Pittsburgh Auto Show, Tattoo Expo and Teddy Bear Trolley
To end off the week it's Valentine's Day on Friday, and there's also a lot events to check out in Pittsburgh this weekend. Pittsburgh Auto Show The Pittsburgh Auto Show will be on Friday, Saturday, Sunday and Monday at the David L. Lawrence Convention Center downtown. The show will features cars on display from over 30 different automakers and have over 60 vendors and exhibitors present. The show will be from 10 a.m. - 10 p.m. Friday and Saturday, and will be from 10 a.m. - 5 p.m. on Sunday and Monday. For more details visit the Pittsburgh International Auto Show website. Pittsburgh Tattoo Expo Downtown at the Wyndham Grand hotel you can check out the Pittsburgh Tattoo Expo. On Friday, Saturday and Sunday the expo will have live tattooing and body piercing experiences and entertainment. The event will feature over 250 tattoo artists and tickets will be sold at the door. For ticketing and general information visit the Pittsburgh Tattoo Expo website. Teddy Bear Trolley This teddy-bear themed event will be on February 15 from 10 a.m. - 4 p.m. at the Pittsburgh Trolley Museum. The event is free for kids and teens 3-18 years old with general admission. There will be a story time session, photo session with a stuffed animal, and coloring stations. Visitors can wear pajamas to enhance the experience. More details can be found on the Pennsylvania Trolley Museum website. Cupid's Undie Run This Valentine's Day themed run happens to raise awareness about Neurofibromatosis a condition where tumors form and can affect the brain, spinal cord, and nerves. The event will be on Saturday, starting at McFadden's Restaurant and Saloon. The run will start at 2 p.m. but the event will be from 12 p.m. - 4 p.m. More details can be found on the Cupid's Undie Run website. Contemporary Craft Community Day with BOOM Concepts is an event by Contemporary Craft which centers around arts and crafts and is free to the public. The family-friendly event will be on Saturday from 10 a.m. - 4 p.m. at the Contemporary Craft building and will feature artist demos, a scavenger hunt and more. For more details stop by the event page on Contemporary Craft's website. Monster Jam Monster Jam will be at PPG Paints Arena on Friday, Saturday and Sunday. The event will feature activities for adults and kids to enjoy with a wide selection of drivers and colorful trucks that will race and feature competitions of speed and skill. Monster Jam website.
