Honda Cancels 2010 Nsx

[GearHead]

Honda Cancels 2010 Acura NSX

TOKYO — Honda has announced that the 2010 Acura NSX has been canceled. The car had reached the stage of prototype testing, but citing an economic situation that is "worsening every day in all regions," the automaker will not go forward with the front-engine V10 supercar.

The cancellation was one of a long list of cutbacks, cancellations and changes to plans announced in CEO Takeo Fukui's year-end speech. Honda had already announced it is pulling out of Formula 1 racing after this year.

The opening of Honda's new Sakura R&D Center and a new plant in Yorii, Japan, both scheduled for 2010, will be delayed. Expansion in some developing countries will be delayed, with India and Turkey named in the report, and operating officers will see their pay cut by 10 percent, while bonuses will be "reassessed" based on how business looks at the end of the fiscal year on March 31.

On a brighter note, Honda says it is still focusing heavily on development of a new sub-Fit small car with a goal to introduce it within two to three years. The automaker is also vowing to "focus all our energy on hybrids and achieve mass market penetration as soon as possible." The Insight hybrid will make its debut next month at the 2009 Detroit Auto Show, with sales to start in the spring.

Inside Line says: Honda turns its attention toward hybrids and away from horsepower for now. — Laura Sky Brown, Correspondent

Source: http://www.edmunds.com/insideline/do/News/articleId=138086

Edited December 18, 2008 by GearHead

[Devinda_Z]

is Honda not telling us something about thier financial situation?

or are they mearly being predently cautious and cropping all unnecessary expenditure to ensure long term survival?

[Devinda_Z]

Honda Cuts Profit Forecast for a 3rd Time

By BETTINA WASSENER

Published: December 17, 2008

HONG KONG — Honda, the Japanese carmaker, issued its third profit warning of the year on Wednesday, the latest sign of the drastic drop in demand that has hammered the global car industry.

Honda lowered its full-year forecast for net profits by 64 percent, to 185 billion yen ($2.11 billion), for the year ending March 31, highlighting how tough the market has become as consumers, constrained by tight credit conditions and worried about the gloomy economic conditions, hold back spending even on the smaller and more fuel-efficient cars that had been expected to help Honda survive the current crisis better than many of its rivals.

“The environment is worsening day by day, and we see no sign of a recovery,” Honda’s president, Takeo Fukui, said at a news conference in Tokyo, according to Bloomberg News. “Our task is to respond to a sharp drop in sales.”

The profit warning came as the yen rose against the dollar to levels not seen for 13 years. The Japanese currency has appreciated steadily against the dollar and the euro in recent months — a huge worry to Japanese companies because it makes their products more expensive in the United States and Europe.

Honda estimates that for every yen the dollar declines, it loses about 18 billion yen in operating profit. The dollar was trading at 88.80 yen Wednesday afternoon. A year ago, it was at about 111.60.

The rising yen has helped prompt a collapse in business confidence in Japan, which is already in a recession. Japanese companies have begun to announce major layoffs and other cost cuts.

Earlier this month, Honda withdrew from Formula One racing, saying it needed the resources to weather the downturn and to develop new vehicles.

Source:http://www.nytimes.com/2008/12/18/business/worldbusiness/18honda.html

[SAGARIS]

is Honda not telling us something about thier financial situation?

or are they mearly being predently cautious and cropping all unnecessary expenditure to ensure long term survival?

Hi Devinda,

Probably Honda has more problems deep down which they would like to hide from us. But come to think of it, they will not be able to make much of a profit from the NSX. Plus they could shed the s2000 as well, because they sell only about 1000 of them in a year. Hence they want cars to make profits. But I am upset too.

Remember Nissan stopped building the skyline but replaced it with the 350z which sold in good numbers, and helped Nissan to breath a bit better. Honda could be on a plan like that.

We all have to wish that Honda will recover as soon as possible because I've been a Honda man all my life.

Sagaris

[MasterDon]

sad but sensible...

[isam]

Worlds goin' from s*it to he*l it seems... maybe they should not have stopped the old NSX at least.

[Devinda_Z]

Worlds goin' from s*it to he*l it seems... maybe they should not have stopped the old NSX at least.

well unfortunately an everyday brand peddling a supercar , Senna connection or not, is a hard ask

the sales figures reflect this :

Japan:

1990 737

1991 3849

1992 702

1993 528

1994 300

1995 331

1996 176

1997 210

1998 93

1999 78

2000 60

2001 41

Europe:

1990 6

1991 521

1992 297

1993 155

1994 103

1995 138

1996 82

1997 70

1998 39

1999 24

2000 18

2001 10

Honda groups the Middle East and Africa into its European division but it isn't clear whether those areas are included in these figures or not.

United States:

1990 1119

1991 1940

1992 1154

1993 652

1994 533

1995 884

1996 460

1997 415

1998 303

1999 238

2000 221

2001 182

Canada

1990 156

1991 253

1992 91

1993 64

1994 31

1995 38

1996 16

1997 13

1998 10

1999 5

The website does not show sales figures by model for Latin America (Mexico, Central America, South America) or Asia/Oceania.

ok so the "world" totals (by calendar year & not including the countries, islands, and continents not included on Honda's website & with USA sales as a percentage complete w/built-in error what with calendar/model year & certain parts of the earth not on the list) be:

1990 - 2018 (USA = 55%)

1991 - 6563 (USA = 30%)

1992 - 2244 (USA = 51%)

1993 - 1399 (USA = 47%)

1994 - 967 (USA = 55%)

1995 - 1391 (USA = 64%)

1996 - 734 (USA = 63%)

1997 - 708 (USA = 59%)

1998 - 445 (USA = 68%)

1999 - 345 (USA = 69%)

2000 - 299 (USA = 74%)

2001 - 233 (USA = 78%)

and finally - THE TOTAL...

17,346 with 8,101 sold in the US. (47%)

Honda website total is 7,919 which doesn't include 2001's 182

Source : http://www.nsxprime.com/forums/showthread.php?t=4626

[isam]

I think I've seen one of these (not sure though) on Gall road (moratwa new road). A red one...

It was lovely...

[Devinda_Z]

I think I've seen one of these (not sure though) on Gall road (moratwa new road). A red one...

It was lovely...

yup quite possible

the newer car with the fixed head lamps has been spotted on that route often enough

[Pericles]

Yeah, look thru the galleries if you want a closer look at it.

[SAGARIS]

yup quite possible

the newer car with the fixed head lamps has been spotted on that route often enough

hm!!!!!!!! seen the same one ( red with fixed head lamps) around Jubilee post.

[Devinda_Z]

although the 2010 NSX replacement has been cancelled , Mugen has gone and reworked the old NSX and released an RR spec car at the Tokyo Auto Salon!

The car is supposedly somewhere close to 10-14cm's longer and is likely to sport a supercharged 2.4L V6 putting out close to 350bhp..

Lots of carbon fire mixed in with the pannels they say... but there are doubts about the actual powertrain..

One of the standout aero bits had gotta be the roof intake!

[MasterDon]

whoah!!!....who the hell designed this ugmo....quasimodo?

bet it goes like shit though...

[Pericles]

although the 2010 NSX replacement has been cancelled , Mugen has gone and reworked the old NSX and released an RR spec car at the Tokyo Auto Salon!

The car is supposedly somewhere close to 10-14cm's longer and is likely to sport a supercharged 2.4L V6 putting out close to 350bhp..

Lots of carbon fire mixed in with the pannels they say... but there are doubts about the actual powertrain..

One of the standout aero bits had gotta be the roof intake!

The JGTC cars used to have intakes very similar to that. Probably where they got it from. Probably where your friend the MR2 got it from too

[MasterDon]

. Probably where your friend the MR2 got it from too

the yellow one right?....nah he probably got it straight off a sub-marine

[Devinda_Z]

The JGTC cars used to have intakes very similar to that. Probably where they got it from.

ah yes the Takata Dome NSX!

Edited January 16, 2009 by Devinda_Z

[Pericles]

ah yes the Takata Dome NSX!

Right, someone tell me the significance of that blue Z in the background with "Imprezza" written on the backside.

[GearHead]

Its DIREZZA....its a tyre made by Dunlop

Edited January 17, 2009 by GearHead

[Pericles]

Its DIREZZA....its a tyre made by Dunlop

Ahhh, thanks. The old eyesight isn't what it once was...

[GearHead]

Ahhh, thanks. The old eyesight isn't what it once was...

..well it does look like IMPREZZA from some angles. 2nd time i looked at it I noticed that 'P' was missing, so had another close look

[isam]

although the 2010 NSX replacement has been cancelled , Mugen has gone and reworked the old NSX and released an RR spec car at the Tokyo Auto Salon!

The car is supposedly somewhere close to 10-14cm's longer and is likely to sport a supercharged 2.4L V6 putting out close to 350bhp..

Lots of carbon fire mixed in with the pannels they say... but there are doubts about the actual powertrain..

One of the standout aero bits had gotta be the roof intake!

I'm not sure about you guys, but if I had the buck and the track, I would have gone for this...

WOW!

[MasterDon]

I'm not sure about you guys, but if I had the buck and the track, I would have gone for this...

WOW!

yeah...you could drive this on the road without loosing your dignity unlike other trackday cars.....i mean most people wouldn't be caught dead driving a radical,caterham or an atom on the street,as richard hammond pointed out..

[Devinda_Z]

yeah...you could drive this on the road without loosing your dignity unlike other trackday cars.....i mean most people wouldn't be caught dead driving a radical,caterham or an atom on the street,as richard hammond pointed out..

hmmm true true...so more a Porsche GT2 - Ascari A10 alternative then?

[Pericles]

Meh. I'd stay with the GT-R. Thats a proper trackday car you can used on the road.

[MasterDon]

hmmm true true...so more a Porsche GT2 - Ascari A10 alternative then?

yeah to some extent....but i highly doubt it can match the porsche's abilities.