Its all doom and gloom in the world of Honda at the moment. First Honda announced that they are pulling out of Formula 1. For years F1 has been trying to break into the North American market – the worlds largest car market – with little success. Due to the demands of the commercial side of the F1 management there is now no US Grand Prix and the Canadian GP won’t be happening next year.

Most manufacturer backed teams – like BMW and Mercedes McLaren – can’t be happy with this situation and I assume that this was one of the reason why Honda pulled out.

Secondly Honda has announced that it’s canceling the next generation NSX

http://www.autocar.co.uk/News/NewsArticle.aspx?AR=236594

Not good.

Next Honda is scrapping plans to introduce the Acura brand to Japan. That means that I very much doubt that Acura is comming to Europe any time soon.

This bloomberg (or is that gloomberg) page summaries the finacial situation:

http://www.bloomberg.com/apps/news?pid=20601101&sid=asDCdNdT2a2E&refer=japan

To top it all I’ve managed to add some scratches my new Accord!