The poor economy continues to take it's toll on the automotive industry leaving no one untouched. If you thought this was only affecting the US car companies, you are seriously mistaken. Honda recently announced their withdrawal from Formula 1 racing as well as AMA motorcycle racing. On the production side, they also announced the cancellation of the NSX replacement supercar. Now, there is word that Honda is also putting the brakes on a few new programs. Honda had been working on a V8 engine for their flagship Acura models as well as a rear wheel drive platform, both of which are said to be dead. There is also info on the web that this will be the last year for Honda's wonderful S2000 sportscar and that a replacement has been scrapped.
As stated in their end of year press release, Honda will be concentrating on smaller more fuel efficient cars along with alternative fuels/hybrids.
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