Honda to focus on hybrid, halts development on V8 engine, rear-drive

Not long ago, Honda announced its intentions to build a V8 engine for its next-gen Acura flagship sedan, which was also likely to be migrated to a rear-wheel-drive platform. Unsurprisingly in light of the recent global economic downturn, that program was recently canceled. Speaking at his first press conference, newly-appointed Honda President Takanobu Ito says that was a "good decision." Ito goes on to say it's important for Honda to continue its reputation for innovation, saying:

I don't think we need a classic front-engine, rear-drive car. It would be meaningless to emulate what other companies have been doing for more than five decades... We are considering incorporating new engines, motors, transmissions and chassis into mid- to large-sized hybrid vehicles, and I think this is a good opportunity for change.

In addition to the V8 engine and RWD platform, clean diesels are also rather unfortunately on the backburner in favor of hybrids. We'd rather have both, naturally.

[Source: Automotive News – Sub. Req.]