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Honda Reports Q3 2011-2012 Results

Honda reported a 41% decrease in net income over the third quarter, thanks primarily to the rising Japanese yen, continuing effects from the Japanese earthquake and floods in Thailand interrupting automobile production. Thanks to recovering auto sales and growing motorcycle sales in emerging markets, Honda reported a net profit of 47.6 billion yen (US$624 million) in the quarter ended Dec. 31, 2011.

McGuinness to Race Honda CBR500R at 2013 Isle of Man TT

Honda is serious about showing off the racing prowess of the CBR500R. Sharing much of the same components as its siblings the CB500X and CB500F, it’s easy for critics to question whether the CBR500R is worthy of the CBR designation. The first thing Honda did to try to dispel those worries is to secure the CBR500R as the spec race bike for the 2013 European Junior Cup, a racing series for youths held at select rounds of the World Superbike Championship.

Schwantz and Mackenzie on the Nurburgring box

A 500GP bike never fails to stop me in my tracks and that’s exactly what happened when I spotted this Schwantz example from the early nineties, proudly displayed on the Arai stand at the recent Motorcyclelive show.  On loan from Crescent Suzuki and accompanied by a rostrum publicity shot from the 1990 German GP at the Nurburgring, I felt the urge to write a few words on that special weekend. I started the year running my own 250 GP team with fairly standard TZ Yamahas but was drafted in as Kevin Schwantz’s team mate after Kevin Magee suffered a serious head injury at the second Grand Prix in Laguna Seca.  With no testing and some major Spanish food poisoning I finished 8th at the next round in Jerez then followed that up with a 5th place in Misano. Next up was the Nurburgring and after qualifying on the second row of the grid, my crew chief Geoff Crust informed me he had a premonition of a race day rostrum finish. He also told me I better make it come true as he was already looking forward to a few post race celebratory refreshments. While I hoped Crusty was the new mystic meg, the truth was I would have been more than happy to buy the beers if I made it to the flag inside the top five. I had an outside chance of catching one major scalp as Wayne Rainey was riding with a nasty hand injury but I suspected adrenalin would see him through the day. I also followed Mick Doohan a fair bit in practice but he was beginning to find his feet on the Rothmans Honda so was going to be another problem.  When the lights went out Schwantz and Rainey went straight to the front I while I hung in behind Doohan and Pier Francesco Chilli, and then it happened. Coming out of the bottom right hand hairpin, Doohan and Chilli simultaneously high sided in one of the most spectacular crashes of the season. I never liked seeing any fellow riders crash but I made the most of this early race gift and rode my 160bhp/115kg RGV hard to the flag, claiming my first podium of the season.  We partied hard (win or lose we always did) that night and I went on to have my best ever season finishing fourth overall in the championship. After the last round in Australia, I finished second to Kevin at Sugo in Japan then won in Malaysia at another international race that KS didn’t attend. I also tested at Eastern Creek for the following season but then was flicked from the team for reasons that still remain a mystery. Hey Ho!