logo
New more efficient hybrids coming for Honda

New more efficient hybrids coming for Honda

NZ Autocar08-06-2025
Honda is developing new hybrid models powered by what it says is 'the world's most efficient' combustion powertrain. It is in part a response to slow EV sales.
At least 13 new Hondas will arrive between 2027 and 2030 in a revised range of hybrids. Kicking things off are replacements for Civic and Jazz.
The new efficient hybrids will help the company to navigate the 'transition period' between ICE power and electric.
Announcing the strategy rethink recently, Honda CEO Toshihiro Mibe noted that 'demand for hybrid-electric vehicles is growing'. He added 'the expansion of the EV market has fallen behind the initial projection'.
Mibe felt that the relaxation of CO2 emissions in the US was to blame for the slow growth of EVs.
Honda has not said specifically which cars will be first to receive the new powertrain. It is expected to be of the non-plug-in variety and will come in 1.5- and 2.0-litre forms. That matches the capacities of the engines in the current Jazz and Civic. Both are due substantial updates in the coming years.
The 1.5-litre version will provide peak torque over a rev range that's 40 per cent broader than currently to maximise efficiency without compromising driving pleasure.
Check out our review of Honda's HR-V Sport.
Both variants will deliver the best thermal performance of any combustion engine on the market, according to Honda. Meanwhile, the hybrid system's electric motor is smaller to reduce weight and improve packaging.
Honda says to expect a 10 per cent improvement in fuel economy. For reference, the current 1.5-litre Jazz returns 3.8L/100km while the 2.0-litre Civic manages 5.1L/100km.
Both cars will utilise a new platform that promises better driver engagement, comfort and safety. Civic will be 90kg lighter than the current structure and the bodies applied to the frame will bring a further 10 per cent saving in weight.
Moreover, the models based on the new platform will share at least 60 per cent of their parts, such as the engine bay and rear floor. The new hybrid powertrains, meanwhile, will be 30 per cent cheaper to produce than those launched in 2023.
Despite cutting its planned investment into EVs, Honda remains committed to their development. 'We would like to see the battery EV business as a pillar of our business from 2030 onward,' CEO Toshihiro Mibe told investors.
The 0 Series of electric cars due to be launched in the US next year represents an effective reset of the company's approach to the market, following a poor showing from the E hatchback and disappointing e:Ny1 crossover sales overseas.
The electric saloon and upcoming SUV usher in a new design language for Honda that will not be shared with the hybrids. However, a new emblem will be seen on all new Hondas.
Toshinobu Minami, head of Honda's design centre, said 'Dynamic and simple will be key words for all models in future.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump strikes trade deal with Japan to cut tariffs
Trump strikes trade deal with Japan to cut tariffs

Otago Daily Times

time2 days ago

  • Otago Daily Times

Trump strikes trade deal with Japan to cut tariffs

The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a $US550 billion ($NZ915b) package of US-bound investment and loans from Tokyo. The agreement will bring immediate relief to Japan's critical autos sector with existing tariffs cut to 15% from 25%, and proposed levies on other Japanese goods that were set to come in on August 1 also cut by the same amount. Autos make up more than a quarter of all Japan's exports to the United States. "I just signed the largest TRADE DEAL in history with Japan," Trump said on his Truth Social platform. "This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan," he added. Japanese Prime Minister Shigeru Ishiba, who local media reported will soon resign after a bruising election defeat on Sunday, hailed the deal as "the lowest figure among countries that have a trade surplus with the US." The US investment package includes loans and guarantees from Japanese government-affiliated institutions of up to $550 billion to enable Japanese firms "to build resilient supply chains in key sectors like pharmaceuticals and semiconductors," Ishiba said. Japan will also increase purchases of agricultural products such as US rice, a Trump administration official said. Ishiba said the share of US rice imports may increase under its existing framework but that the agreement would "not sacrifice Japanese agriculture." The announcement ignited a rally in Japanese stocks, with the benchmark Nikkei climbing 2.6% to its highest in a year. Shares of automakers surged in particular, with Toyota up more than 11%, and Honda and Nissan both up more than 8%. The exuberance extended to shares of South Korean carmakers as well, as the Japan deal stoked optimism that South Korea could strike a comparable deal. The yen firmed slightly against the dollar, while European and US equity index futures edged upward. But US automakers signalled their unhappiness with the deal, raising concerns about a trade regime that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%. "Any deal that charges a lower tariff for Japanese imports with virtually no US content than the tariff imposed on North American-built vehicles with high US content is a bad deal for US industry and US auto workers," said Matt Blunt, who heads the American Automotive Policy Council which represents General Motors N and Chrysler parent Stellantis. 'MISSION COMPLETE' Autos are a huge part of US-Japan trade, but almost all of it is one way to the US from Japan, a fact that has long irked Trump. In 2024, the US imported more than $US55 billion of vehicles and automotive parts while just over $US2 billion were sold into the Japanese market from the US. Two-way trade between the two countries totalled nearly $US230 billion in 2024, with Japan running a trade surplus of nearly $US70 billion. Japan is the fifth-largest US trading partner in goods, US Census Bureau data show. Trump's announcement followed a meeting with Japan's top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday. "#Mission Complete," Akazawa wrote on X, later saying the deal did not include Japanese exports of steel and aluminum that are subject to a 50% tariff, nor any agreement on defence budgets. The deal was "a better outcome" for Japan than it potentially could have been, given Trump's earlier unilateral tariff threats, said Kristina Clifton, a senior economist at the Commonwealth Bank of Australia in Sydney. Kazutaka Maeda, an economist at Meiji Yasuda Research Institute, said that "with the 15% tariff rate, I expect the Japanese economy to avoid recession." Japan is the largest investor in the United States. Together with pension giant GPIF and Japanese insurers, the country has about $US2 trillion invested in US markets. Besides that, Bank of Japan data shows direct Japanese investment in the United States was $US1.2 trillion at the end of 2024, and Japanese direct investment flows amounted to $US137 billion in North America last year. Speaking later at the White House, Trump also expressed fresh optimism that Japan would form a joint venture with Washington to support a gas pipeline in Alaska long sought by his administration. "We concluded the one deal ... and now we're going to conclude another one because they're forming a joint venture with us at, in Alaska, as you know, for the LNG," Trump told lawmakers at the White House. "They're all set to make that deal now." Trump aides are feverishly working to close trade deals ahead of an August 1 deadline that Trump has repeatedly pushed back under pressure from markets and intense lobbying by industry. By that date, countries are set to face steep new tariffs beyond those Trump has already imposed since taking office in January. Trump has announced framework agreements with Britain, Vietnam, Indonesia and paused a tit-for-tat tariff battle with China, though details are still to be worked out with all of those countries. At the White House, Trump said negotiators from the European Union would be in Washington on Wednesday.

Up for sale: The unusual way NZX-listed T&G Global found out its major shareholder was selling up
Up for sale: The unusual way NZX-listed T&G Global found out its major shareholder was selling up

NZ Herald

time17-07-2025

  • NZ Herald

Up for sale: The unusual way NZX-listed T&G Global found out its major shareholder was selling up

'Their disclosures have gotten better over the last three or four years, and that's commendable, but it is certainly not the most engaging of companies listed on the NZX from a shareholders' perspective. 'If I were an independent director, I would be asking a few questions as to why it did not come up earlier.' Like many in the horticulture sector, T&G Global took a hit from Cyclone Gabrielle. In its latest result, T&G Global said high demand for T&G Global's premium Envy and Jazz-branded apples, coupled with higher pricing in global markets, helped it bounce back from the impact of the cyclone. For the year ending December 2024, the company recorded a loss before tax of $6.8 million, compared with a pre-tax loss of $64.2m in 2023, and an operating profit of $12.7m (the previous year's loss was $45.6m). In response to an open letter to shareholders circulating on social media platform X that was critical of the company's performance, T&G Global chairman Benedikt Mangold said the board was confident in the company's strategy 'and we continue to be pleased with our financial progress'. 'We are fully aligned with management on the company's outlook, and we look forward to updating the market and shareholders on August 8 with our half-year results,' he said in an email to the Herald. Mangold said if shareholders had any concerns, they had not been raised at the company's annual meeting in May. Strategic options T&G Global, which sells fresh produce to more than 60 countries, is itself going through a process to consider its strategic options and has engaged Craigs Investment Partners to advise it. Late in 2021, the company announced it would spend $100m on a new state-of-the-art packhouse adjacent to its Whakatu site in Hawke's Bay. As well as improving productivity, the new facility would allow T&G to accommodate increasing volumes of Envy and other apple varieties. AFR's Street Talk said Australian fund manager ROC Partners 'likes the look' of T&G Global. The paper also said T&G Global would be a logical bolt-on for Macquarie Asset Management. In BayWa's annual report, new chief executive Frank Hiller said the company was embarking on a 'fundamental transformation' bringing an end to its debt-financed expansion. BayWa, which has interests ranging from food to construction and energy, first made its play for the then Turners and Growers in 2011, with the intention of a complete takeover. A pre-bid agreement with shareholder Guinness Peat Group meant it already had 63.5% of the shares locked up. The offer was for all shares in NZX-listed Turners & Growers at $1.85 a share, valuing the company at $216.5m. But rather than go to 100%, BayWa was persuaded to remain a majority owner, allowing minority shareholders to stay on the register and for Turners and Growers to retain its NZX listing. Meanwhile, speculation over T&G Global's future has not done its share price any harm. The stock now trades at around $2.05 – its highest point since October 2023. Port of Tauranga upgrade Brokers Forsyth Barr say the favourable pricing backdrop for Port of Tauranga (POT) continues, with the company set to materially increase its access pricing at MetroPort from September 1. 'Its vehicle booking system charge will rise by more than 100%, which we estimate will contribute incremental annualised revenue of $9m, assuming no volume offset,' the broker said. 'Pricing remains POT's key lever in lifting its return on invested capital above its 7% target by 2028, particularly given: (1) container terminal capacity constraints; and (2) the pricing behaviour of key competitor, Port of Auckland.' Forsyth Barr has raised its net profit forecast for 2026 by 3% to $146m and has left its 2027 forecast unchanged at $168m. Encouraging Ryman Forsyth Barr has welcomed Ryman Healthcare's (RYM) latest first-quarter sales update. Encouragingly, forward-looking contracted sales continued to recover, it said. 'One swallow does not make a summer, but we view this as an important step in de-risking the investment case,' the broker said. 'The key risk since RYM's pricing strategy change and dramatic drop-off in sales has been that it would build resales inventory at a high rate, forcing RYM to buy back units – creating a meaningful cash flow drag. 'Current resales levels remain insufficient to halt inventory build, but this update is a clear step in the right direction and should materially reduce the rate of inventory build.' Powering down Jarden has released its analysis of Meridian and Mercury's operating stats for June. It said Meridian's figures imply 2025 earnings before interest, tax, depreciation and amortisation (ebitda) of $612m, down from $905m in 2024. Mercury's update implies 2025 ebitda of $768m, down from $877m reported in 2024. 'We retain our $7.40 target price for Mercury and reaffirm our overweight rating, reflecting discounted valuation.' Listing the potential risks for Mercury, Jarden cited regulatory changes, transmission pricing methodology adjustments, wholesale spot price fluctuations and higher-than-historical inflows into its hydro generation from Lake Taupō down the Waikato River chain. The firm maintains a neutral rating on Meridian, with an unchanged target price of $6.47. Among the risks, Jarden again listed regulatory changes for Meridian. Annual results from Mercury are due on August 19 and August 27 for Meridian. Meanwhile, the High Court this week approved a scheme of arrangement under which Meridian will acquire all of the shares in NZ Windfarms. Provided the remaining customary conditions are satisfied or waived, implementation of the scheme will occur on July 30, Meridian said. Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.

Leader Palou grabs sixth Indycar win, Dixon gamble backfires
Leader Palou grabs sixth Indycar win, Dixon gamble backfires

RNZ News

time22-06-2025

  • RNZ News

Leader Palou grabs sixth Indycar win, Dixon gamble backfires

Photo: PHOTOSPORT Series leader Alex Palou clings on to notch a sixth Indycars season win in Wisconsin while New Zealand's Scott Dixon just falls short after employing a bold fuel strategy. After starting 25th on the grid at the Grand Prix of Road America, veteran Chip Ganassi Racind driver Dixon led for a race-high 27 laps out of 55 laps, courtesy of an early pit stop and some good luck with a safety car stoppage. Having looked like he could hold on to land his first win of the season, Dixon's fuel bottomed out and he was forced to pit again with two laps to go, to ultimately finish ninth. Photo: PHOTOSPORT Palou led for only six laps but squeezed out the win on low fuel, having drafted behind team-mate Dixon over the closing stages to ensure he'd reach the chequered flag. The Spaniard notched his sixth win in nine rounds but his first since the Indianapolis 500 to extend his dominant lead in the championship standings to 93 points over American Kyle Kirkwood. Sweden's Felix Rosenqvist took second, and Santino Ferrucci continued a hot stretch of his own by placing third, while Kirkwood was fourth and New Zealand's Marcus Armstrong fifth. The third Kiwi in the field, Scott McLaughlin, was 12th after leading on the opening lap of a topsy-turvy street race. "It was a crazy race," Palou said. "I had moments I thought we were losing a ton [more] position than we were making. "It was a tough race for everybody, but kudos to the team for the amazing strategy, and Honda, man. HRC being able to give us the fuel mileage we needed at the end to make it." Palou became the first IndyCar driver since A.J. Foyt in 1975 to win six of the first nine races in a campaign. He will be hard to catch over the final eight rounds. Dixon is fifth overall, with McLaughlin eighth and Armstrong 10th. - Reuters/RNZ

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store