Honda cancels development of V10-powered NSX successor
Rendered: 2011 Porsche Panamera Cabrio
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Honda CEO Takeo Fukui confirmed the plan in his end of year speech, saying that all development of the car would cease. Fukui also revealed that plans to introduce the Acura brand to Japan in 2010 have all been canned, reports Automotive News.
The news comes less than two weeks after Honda announced that it planned to pull out of next year’s Formula One season, citing financial constraints as the main reason.
Honda also announced today that it is lowering its annual operating profit forecast by 67% - its third profit warning of the year. The carmaker now expects its operating profit for the business year to March 31 to be ¥180 billion ($2 billion) - down 81% from last year.
Instead, Honda will focus on developing more fuel-efficient hybrid and diesel models, especially in the compact car segments. Plans for a minicar positioned below the Fit (Jazz) are still on track, as are plans for the CR-Z hybrid sports car.
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i'm really thinking that FIA needs to sanction some sort of eco-racing.. something with a solid formula,.. a certain amount of fuel, a sealed tank, and any technology that you can use to get you to the finish.
or else honda will become nothing but a bland consumer pig like toyota.. and even toyota is doing F1 now
maybe they can come back to it after the economy recovers.
On the other hand, it takes tremendous discipline to kill a halo car like this so close to it's release... exactly the sort of discipline that has kept Honda profitable and seen the Big Three go under again earlier this year (for the last time?).
I Will cringe!
noname: i dont think the engine is the problem,.. the whole program is just not right at this time.
roy: the best poker players know when to cut their losses and fold. i think honda would rather REMAIN profitable, if only by a small margin.. rather than be "unprofitable" by any margin, even a single yen. to them, good business is the best halo car... where as the big 3 are so far behind in products that they might as well burn cash as fast as they can cause death by bankruptcy or death by crappy products.. its still death.
There was another spy photo shot in Japan only, but could not find it as it was found on a site or 2... and with all the rendered pics out there, most sites are flooded with those only.
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