Honda cancels development of V10-powered NSX successor

Amid the announcement of its third profit warning of the year, Honda has confirmed that it has canceled plans for the launch of a successor to the NSX supercar. The new V10-powered model was expected to arrive in the United States next year as an Acura, but sadly all development work on the car has come to an end. Honda CEO Takeo Fukui confirmed the plan in his end of year speech, saying that all development of the car would cease. Fukui also revealed that plans to introduce the Acura brand to Japan in 2010 have all been canned, reports Automotive News.