Thanks to the economic downturn many automakers are being forced to cut many of their programs, vehicle plans, etc. Most of the most dire news lately has come from the Big 3 U.S. automakers, but now Toyota and Honda are also being forced to make some cuts.
Honda recently announced plans to cancel its participation in Formula One and now its being reported that the automaker has canceled plans for the next-generation Acura NSX supercar. Prototypes for the NSX have been seen many times and it was reported that the NSX was going to be Acura's most powerful car ever with a V10 engine putting out way over 500 horsepower.
Honda's CEO, Takeo Fukui reportedly made the announcement about the fate of the NSX. It's also being reported that Honda has suspended plans to launch the Acura brand in Japan. Hopefully this news does not also mean that the much needed V8 engine is also in jeopardy. At this point the fate of the V10 engine is unknown.
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