A redesigned CRV should be out later this year, promises Honda’s Executive Vice President Koichi Kondo. He added that Honda were pinning their hopes on the look CRV.
Any further information wasn’t given, although we suspect the new model to be larger than the existing one. A hybrid version could also be on the offering, but no official reports on that.
The company is currently facing a crisis, but has climbed on to the recovery path of late. Globally the company’s profits nose-dived in 3Q with 7% decline in sales. Furthermore net income dropped 40% to ¥81.1 billion, or about $994.6 million, in the period, while operating profit fell 29 percent to $1.54 billion.
Increasing demand for light trucks will improve Honda’s U.S. sales to about 1.28 million vehicles in the fiscal year ending March 31, Kondo predicts. He sees the total U.S. market coming in around 12.6 million units in the fiscal year that starts April 1.
Honda officials are expecting sales to bounce back seeing the US economy recover.
Whatever Honda comes up with the CRV will be quintessential for Honda’s upbeat in the market after they took off Element from the lineup.
(Via Automotive News)