By Mari Saito TOKYO (Reuters) - Honda Motor Co <7267.T> is likely to post its best July-September profit since the global financial crisis, but a slew of vehicle recalls threatens to delay the roll-out of new models, crimping domestic market sales growth. Japan's third-biggest car maker last week apologized for a fifth domestic recall of its Fit hybrid subcompact, prompting a pay cut for CEO Takanobu Ito and a dozen executives. Honda said it would re-examine its process for developing cars, a move that could delay their debuts. The Fit recalls come on top of more than 5 million cars that Honda has called back in the United States over unrelated issues with Takata Corp's <7312.T> potentially defective airbags that have been linked to four deaths in Honda's single-biggest market. Honda first recalled the Fit hybrid in October 2013, just a month after its launch, for defective controls on a newly developed transmission system. The latest recall was to fix noise-related glitches unrelated to the transmission. To date, Honda has recalled 163,885 Fit hybrid vehicles in Japan. The series of Fit recalls has so far cost 16.5 billion yen ($153 million), though Honda sees minimal impact on its earnings - due on Tuesday. July-September operating profit is forecast to rise just over 7 percent to 184.1 billion yen ($1.7 billion), according to the average of 14 analysts polled by Thomson Reuters I/B/E/S. The Fit recalls could delay other vehicles designed to use the new transmission, said Koji Endo, autos analyst at Advanced Research Japan. Analysts expect the recalls and potential development delays to slow Honda's domestic sales, which the company hopes to push up to a record 990,000 cars in the year to next March. The Nikkei business daily reported on Monday that aggregate domestic sales at Japan's eight car makers would drop below 5 million cars for the first time in two years, with Honda seen selling 950,000 cars. Another drag on Honda's earnings could be a slowdown in high-margin motorcycle sales in Southeast Asia. "The only bright spot for Honda is the weak yen," Endo said. "There's not that much confidence in their three main markets - the U.S., China and Japan. Frankly, Honda's earnings are going to be a little scary." The dollar has risen to 108 yen , while Honda is assuming an average 101 yen for the year. MILLIONS MORE? Clouding the outlook further for Honda is the risk of more Takata-related recalls in the United States, where there is some political pressure to expand a regional recall nationwide. Recalls so far have focused on areas where hot, humid weather may damage the propellant that triggers the airbag in the event of a collision. Expanding the recalls nationwide would mean an additional 5.3 million cars to fix for various automakers, including Honda, according to Reuters calculations based on data from automakers and the U.S. National Highway Transportation Safety Administration (NHTSA). In an Oct. 15 letter, two Democratic senators singled out Honda for allegedly failing to report information to the NHTSA about possible defects that could cause fatalities or injury. Heightened scrutiny over Honda's response to faulty airbags could hurt its brand value in its most important market. "The concern really isn't the recall cost, but more the potential for this recall to negatively impact the brand," said Kurt Sanger, auto analyst at Deutsche Bank in Tokyo. Shares in Honda have fallen 23 percent this year, while Tokyo's benchmark Nikkei <.N225> is down 5.5 percent. (Additional reporting by Chang-Ran Kim; Editing by Ian Geoghegan)
- Rolling Stone
“Attacking the Constitution… should be universally condemned,” White House Deputy Secretary says, alongside the rest of the sane world
- Fox News
The two surviving roommates of four University of Idaho students who were killed in their home on Nov. 13 released public statements for the first time at a Friday memorial.
- Women's Health
Blake Lively took advantage of the pre-Labor Day summer season to drop her own hump day thirst-trap bikini pic, featuring her poolside in a short sleeved white top and sleek bottom.
- The Hill
Former President Trump called for the termination of the Constitution’s rules regarding elections to overturn the results of the 2020 presidential election following the release of more detailed information about Twitter’s role in suppressing a story about Hunter Biden. “A Massive Fraud of this type and magnitude allows for the termination of all rules, regulations,…
White supremacist Nick Fuentes slams 'divorced woman girlboss' Marjorie Taylor Greene as the far-right figures turn on each other, videos show
White nationalist Nick Fuentes described Marjorie Taylor Greene as "weak" and attention-seeking after she denounced his virulently antisemitic views.
Michael Steele warned about what could come next from the far-right Georgia Republican.
WWE star Hulk Hogan shared a photo of his weight loss transformation on Facebook, in which the wrestler said he was down to 275 pounds, his "9th grade weight."
Lara Trump, a vociferous supporter of her father-in-law and his policies when he campaigned for re-election to the White House in 2020, is parting ways as an official contributor to Fox News Channel. The Fox Corp.-backed network confirmed Saturday that Trump, wife to President Donald Trump’s younger son, Eric, was no longer an official contributor […]
- Touchdown Wire
The Kansas State Wildcats beat the TCU Horned Frogs in the Big 12 championship game, but they had unfortunate help from the refs.
- College Football News
Bowl Projections and College Football Playoff predictions: the final call before Sunday
- In The Know by Yahoo
A crowd gathered around to watch the emotional performance.
- Fox News
Warnock or Walker? New poll shows who is leading heated GA Senate runoff, as countdown to election begins
Democratic Sen. Raphael Warnock is leading the Senate race against Herschel Walker in a new CNN/SSRS poll that also found the economy remains the top issue to Georgia voters.
- Detroit Free Press
Now that Michigan football has won the Big Ten, here’s a quick look at the likely CFP semifinalists, and how we think they’ll be seeded.
- Access Hollywood
Princess of Wales Kate Middleton looked like an absolute knockout at the 2022 Earthshot Prize ceremony in Boston on Friday evening and one person certainly took notice – her husband, Prince William. The bedazzling necklace, which was given to Princess Diana by the Queen is thought to be worth more than $15 million.
It's the most wonderful time of the year! People are decking their homes in lights, visiting with their families, grabbing mugs of peppermint drinks and gathering around the TV to watch...monster movies? That's apparently the case with Netflix subscribers, because a new film, titled Troll, just made its way to the top of the site's most-watched movies list, only 48 hours after it premiered. Troll is a supernatural drama about an ancient troll who gets awakened by an explosion on a Norwegian moun
- Yahoo Sports
The Dr Pepper Challenge ended in controversy when a previously-unannounced tiebreaker ended the competition.
- Fox News
A California man is accused of throwing a Molotov cocktail toward a police officer. The man had an arrest warrant for committing a similar crime in July.
UPDATE: A message from Pele indicates he is staying “calm and positive” in the wake of reports he’s in the end-stages of life. Pete said watching Brazil at the World Cup and messages of support have given him “energy.” His hospital issued a statement saying he is “stable” and still getting treatment, but did not […]
Helena Christensen just turned up the heat yet again with these showstopping, alluring photos that has left fans begging for more! On Dec 1, Christensen shared a series of jaw-dropping photos that truly enchanted fans. She uploaded the sexy photos with the caption, “A rose a rose is a… 🥀 But lingerie is a better […]
- Milwaukee Journal Sentinel
Aaron Rodgers celebrates his birthday at the Bucks-Lakers game, sits courtside next to Mallory Edens
The Green Bay Packers quarterback and Bucks minority owner was courtside for the game against the Lakers at Fiserv Forum in Milwaukee.