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Old 12-17-2008, 08:13 AM   #1
darknightohio
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Default Acura NSX cancelled; Honda slashes forecast

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Acura NSX cancelled; Honda slashes forecast

Honda CEO Takeo Fukui on Wednesday said his company has been forced to cancel the next-generation Acura NSX sports car due to poor economic conditions. The news came during a speech about the automaker’s revised financial forecast. Plans to bring the Acura brand to Japan have also been shelved permanently, the Nikkei news service has reported.


“The situation is worsening by the day, and there is no prospect for recovery, is our understanding,” Fukui told reporters.

The NSX was a much-anticipated V10-powered sports car in the late stages of development. Designed as a successor to the original model of the same name, the new NSX was slated to be launched as a 2010 model. The project was subject to multiple delays related to the vehicle’s exterior design, but those problems were recently overcome.

Fukui previously characterized the new NSX as “necessary for Honda.”

The company indicated its operating profits will be 180 billion yen ($2 billion), down 67 percent from the forecasted 550 billion yen. There’s even a chance, according to Reuters, the automaker will report a half-year operating loss — for the latter part of 2008. If that happens, it will be the the first time in at least 11 years. Also hurting the income forecast is the yen’s strength against the U.S. dollar, which further compounds the U.S. sales problem.

The debut of the Acura brand — originally U.S.-only — in Japan was originally planned for late 2008, but was recently delayed until 2010. Given the economic downturn, Honda said it decided to cancel the costly program all together.

Honda also announced it will cut production by 314,000 vehicles worldwide for the current fiscal year, according to Bloomberg. It also will eliminate about 1,200 temporary jobs in Japan
http://www.leftlanenews.com/acura-nsx-cancelled.html

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Old 12-17-2008, 09:33 AM   #2
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Good, make it mid-engine next time.
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Old 12-17-2008, 09:55 AM   #3
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Isn't this the 2nd time they cancelled the NSX?

Its becoming the unicorn
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Old 12-17-2008, 10:21 AM   #4
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Whatever they cancelled, it wasn't an NSX.
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Old 12-17-2008, 10:57 AM   #5
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Not a problem.
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Old 12-17-2008, 11:03 AM   #6
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Old 12-17-2008, 11:05 AM   #7
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Can't say it's unexpected. Did Lexus kill their LFA or whatever it was called?
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Old 12-17-2008, 11:13 AM   #8
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As Mr. Fukui might say one day, "this economy is really Fukui-up"...
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Old 12-17-2008, 11:24 AM   #9
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^ I see what ya did there
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Old 12-17-2008, 11:28 AM   #10
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so youre telling me this abortion wont be tarnishing the nsx name? yipee?
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Old 12-17-2008, 11:29 AM   #11
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Quote:
Originally Posted by plunk10 View Post
Isn't this the 2nd time they cancelled the NSX?

Its becoming the unicorn
+1 Hopefully if the economy turns around in a few years they'd consider bringing it back...
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Old 12-17-2008, 11:33 AM   #12
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Public reaction to most of the now-cancelled NSX news/concepts have been mixed at best, so this was probably the right thing to do. Honda has always been a smart, efficient and relatively conservative car company, so it's good of them to (for now) put on hold their plans for a flagship performance car and the launch of a luxury brand in their home country until things get better.

Some would argue that it's even more important during times like these where people need good, exciting news from car companies, but if consumer confidence is down and spending has dropped, that's a huge -- potentially crippling -- risk for Honda to take. If it missed the mark, that wouldn't be a good place to be!

-Mike
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Old 12-17-2008, 11:34 AM   #13
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I agree. The car was not set to make a splash based on the public's reaction and considering Honda currently produces zero sports cars (in the US), it wouldn't make much sense to bring over a crazy supercar people aren't feeling in these times. Good move on their part.
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Old 12-17-2008, 11:42 AM   #14
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Not surprised. Honda just doesn't have it in them to do something really exciting. This again poroves that the original NSX was the exception rather than the rule. They left the original pretty much unchanged for over ten years even when the economy was doing very well. What do you expect in a time like this?
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Old 12-17-2008, 11:48 AM   #15
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i looked around this past week, and realized either the gov.t is just going to let us go down the toilet or the economy isnt really that bad........

i went to a sold out rock concert, where the house was filled with people paying way too much for a single beer, and people everywhere out christmas shopping...... so people still have money.
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Old 12-17-2008, 11:56 AM   #16
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hahha never expected it to come out.. honda is screwed in terms of making a car that can compete with what is out now. its like the 2nd or 3rd time its been cancelled.
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Old 12-17-2008, 12:47 PM   #17
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It must be a bummer being an engineer on this project, have the car near production status, only to have the plug pulled. Too bad someone cant steal the test mules, that would be interesting to look at.
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Old 12-17-2008, 04:01 PM   #18
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just build the old nsx again. I don't understand why car companies don't do that. Anyone want to start up a company w/me where we build old models of great cars (only slightly improved - no change to the body style though).
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Old 12-17-2008, 04:04 PM   #19
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Honda screws the USDM anyhow by withholding all their Type-Rs. Screw em.
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Old 12-17-2008, 04:25 PM   #20
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Quote:
Originally Posted by choloman05 View Post
just build the old nsx again. I don't understand why car companies don't do that. Anyone want to start up a company w/me where we build old models of great cars (only slightly improved - no change to the body style though).
1 FD in yellow, please.

-Mike
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Old 12-17-2008, 05:50 PM   #21
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Quote:
Originally Posted by choloman05 View Post
just build the old nsx again. I don't understand why car companies don't do that. Anyone want to start up a company w/me where we build old models of great cars (only slightly improved - no change to the body style though).
Yea, its something that has always been in my head too. Besides the fact no car company would go for it (well Mitsu does give old designs to Proton and others, in fact the first Hyundais were Korean built old design Mitsus), you have to realize older cars cannot be sold as new in this country merely from safety standards. For example, Mitsu had 2007 Evo IXs all over the world except for the US, mainly because it failed to meet 2007 US safety regulations. I think in that case it was due to side impact protection.

If it were possible, oh the cars that I could think of. The NSX is up there, and anyone who has ever seen one in person (photos do no justice) and driven one would probably agree. The NSX is the reason Ferrari, Lambo etc now builds cars that dont have to sit at the shop every other week.
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Old 12-17-2008, 08:38 PM   #22
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^^ I'm in if we do that with late model supra's ... we'd be billionaires.
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Old 12-18-2008, 12:43 AM   #23
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I'd love to see Honda build a 200hp mid-engined commuter car in the vein of the MR-2... (with reasonable luggage space) and price it under $20,000.


As for bringing back old cars... Why not restore an older car?
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Old 12-18-2008, 01:02 AM   #24
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Quote:
Originally Posted by design1stcode2nd View Post
Can't say it's unexpected. Did Lexus kill their LFA or whatever it was called?
I don't think so, an "LFA" trademark was just registered in the US by Toyota!

http://www.themotorreport.com.au/150...to-production/
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Old 12-18-2008, 01:21 AM   #25
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Quote:
Originally Posted by delongedoug View Post
I agree. The car was not set to make a splash based on the public's reaction and considering Honda currently produces zero sports cars (in the US), it wouldn't make much sense to bring over a crazy supercar people aren't feeling in these times. Good move on their part.


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