HondaNews

Honda Cancels New NSX

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Honda CEO Takeo Fukui said today that his company has been forced to cancel the next-generation NSX because of the global economic conditions. He made the announcement during a speech outlining the carmaker’s revised economic forecast.

The Nikkei news service also reported that the firm would not be bringing the Acura brand to Japan. ‘The situation is worsening by the day, and there is no prospect for recovery, is our understanding,’ Fukui told reporters.

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The NSX was expected to be a V10 sports car and it is reported that the car was almost production-ready. The project had encountered a number of problems but these had been overcome and it was in the late stages of development. It lapped the Nurburgring in 7mins 31sec on its first attempt as a prototype and was expected to shake up the supercar market like it first did in the 90s.

The Honda boss had previously told Autocar at the end of last year that the new NSX is ‘necessary for Honda’. The company reportedly indicated its operating profits will be 180 billion yen ($2 billion), down 67% from the forecasted 550 billion yen.

Honda was recently forced to pull out of F1 to save money. The company has spent an estimated £300m on F1 each year and has decided it can no longer afford to be involved in the sport.

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    jeffbboyz
  • Dec 18, 2008
sad...could be GTR-35's rival..
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    Sad_Reader
  • Dec 18, 2008
How can Honda do that? The ultimate machine has to shelved for how long? NSX is long overdue already and I thought NSX is the only car capable of killing the Nissan GTR. Sigh.....
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    ephique
  • Dec 18, 2008
They're concentrating on the Prius killer. Insight and FCX. Oi, cheer up. I thought Lexus is comin out with some kinda Supra replacement...
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    hsk
  • Dec 18, 2008
u wan to see the NSX so HONDA would bankrupt?
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    ephique
  • Dec 18, 2008
hsk's right. Btw, Nissan's one of the few car companies that enjoys profit during this economic crisis.
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    lonely driver
  • Dec 18, 2008
the chances to see a jap car with v10 that capable to produce 550hp has disappointed... how could be like this? it is a waste to invest many money into rnd but suddenly the project has stopped
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    hsk
  • Dec 18, 2008
luckily nissan manage to launched the gtr last year
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    Crazy Biscut
  • Dec 18, 2008
I guess their siting on the car until the economy gets better
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    skazareth
  • Dec 18, 2008
i saw "many money" again...well...sh17 happens.. :p
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    pl4y3r122
  • Dec 18, 2008
arghhh..at least honda can bring it down V8 n turbocharge it.. lower cost slighly.. dam i was waiting for it 2 smoke GTR n aso de supercars... Sigh...
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    shinjite
  • Dec 18, 2008
base on the specifications itself, it can beat the GTR's lap record in the Ring for sure

But the car is very costly to produce, even BMW has opt to turbocharged their future M lineups in the future. No more high displacement V design NA motors
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    A1diablo
  • Dec 18, 2008
The old NSX was mighty project by Honda and naturally very risky and required a lot of faith to succeed. At least then they head Senna to support them. It did turn out to be a F355 beater which was crazy.

I suspect this new project is similarly highly risky. And no Senna this time. So can understand them cancelling the project. Very difficult for a company the size of Honda. Nissan at least has Renault behind them
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    munky
  • Dec 18, 2008
this is so dissappointing. I was waiting for the new nsx for so long and now it's cancelled. Hopefully they'll make it when the economy gets better
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    netmatrix
  • Dec 19, 2008
Actually it is good news. If they do go ahead with the car, Honda would suffer more losses. If you consider putting up a same priced Ferrari with a same priced NSX, i doubt anyone would buy the NSX. And mind you these cars are supposed to be targeted around some parts of the world and not just Japan. With the financial crisis it does not make sense to launch it now.

Latest nest is Chrysler is stopping production for a month!!! It is that bad. So go figure if Honda goes ahead.
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    deacon
  • Dec 19, 2008
Farking hell...

I hope they go back to the drawing board with an easier production model like the original successor to the NSX the HSC. Slap a kick ass vtec V8 in that baby. With that styling and a proven MR chasis (with tweaking from Honda super gurus) it will surely blister the GT-Rs AWD time with a killer rear wheel drive - like all supercars were meant to be.
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    moneygrubber
  • Dec 20, 2008
the thing is, who wish to thin their wallet at this time? apart from very few person in this world capable of doing it, Honda can't expect other buyer are willing to buy NSX. Even those very few person might not buying it. What price can u expect from a V10 or V8 supercharge car? Nissan had stated in the contract that customer can't cancel they car after they signed the agreement of buying it. Further more, Honda are trying with front placement engine this time. If they keep at mid car, may be it might be not just GTR killer... Ferrari, Lambo, Aston Martin and many more also will get smoke... Still I hope they continue this project after economy stabilized.

By the way, why don't they get Takata to support them like they get Senna before? Takata win J-GT500 with NSX before...
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    anonymous G
  • Dec 31, 2008
i agree with deacon, I also believe the car that honda made could never be as good as the NSX of old
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