[David Steele]

New briefing : Honda has never called this new V10 awd supercar an NSX .

{ R&D }

* ・The development of the NSX successor model equipped with V10 engine will be cancelled. (emphasis added)
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* ・The start of operations at the new R&D Center in Sakura, which was scheduled to become fully operational in 2010, will be delayed.
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* ・Honda has decided to withdraw from all Formula One activities, making 2008 the last season of participation.
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* ・While reassessing investment priorities, Honda will concentrate its investments on initiatives which enable Honda to survive in the rapidly changing world and achieve continuous future growth.


Further strengthening advanced environmental technologies while maintaining a long-term viewpoint

* ・In order for Honda to sustain its business during the next 100 years of the automotive industry, it is critical for the company to further strengthen its ability to continue advancing environmental technologies and to apply them to creative and attractive products.
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* ・Since the establishment of the company, Honda has been consistently pursuing advanced environmental technologies in every business area. More than ever, Honda will concentrate its resources on the development of fuel-efficient products.
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* ・The keys to achieve this goal are advancements of electromotive technologies including hybrid models as well as motorcycles and small cars.
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* ・By concentrating the focus of its technology and product development efforts largely into these two areas, Honda will strive to achieve a breakthrough under the difficult business environment.

【Hybrid models】

* ・Honda recognizes hybrid technologies as the most realistic path for CO2 reduction at this moment.
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* ・To effectively utilize fixed resources, Honda believes it is most important to focus all of our energy on hybrids and achieve mass market penetration as soon as possible.