The NSX, which was in production for 15 years ended its long run in 2005 and since then, Honda has been doing R&D on a possible NSX successor. However, with the worldwide car industry facing difficult times, Honda last week announced that the V-10 NSX that it had been working on to replace the classic NSX will be canceled, and all of the research funds dedicated to the project will be diverted to other Honda projects such as it’s Hybrid cars.
While Honda has faired better than the US automakers during this recession, they’re still being hit pretty hard with fewer people buying new cars in all markets. Honda has announced that it will cut production by 119,000 cars in the first quarter of 2009 over the same period last year.
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