Tag: recession Twitter Icon Facebook Icon Google+ Icon

Tag: recession

The government is to extend its car scrappage scheme, in an announcement made by Lord Mandelson.He said the scheme, which started in May and gives consumers £2,000 off a new car if they trade in one at least 10 years old, was running out of money.

We cannot do everything but that does not mean doing nothing

Lord Mandelson added that the scheme would be extended to cover 100,000 more cars and vans.

The age qualification of cars has also changed by 6 months to extend the benefits to cars registered on or before 29 Feb 2000 (V registration).

Continue Reading
Tag: recession

Honda has announced that it will discontinue production of the S-2000 sports car by the end of June 2009.The S-2000 is still a highly respected sportscar, and this truly marks the end-of-an-era.It is believed that the credit crunch, the moving environmental goals, and the eagerly anticipated launch of the hybrid Honda CR-Z have combined to bring about the demise of the S-2000.

Visit out Honda S-2000 page for more details on the S-2000 and contact us if you are interested in purchasing what is all-but-guaranteed to become a future classic.

Continue Reading

Honda NSX cancelled

Wednesday, 17 December 2008

Tag: recession

Honda has cancelled the new NSX as part of a radical restructuring of its car making business.

The V10-engined supercar, which was a direct challenge to Ferrari and Porsche, would have been the most powerful production car that the company had ever produced.

Honda CEO Takeo Fukui announced the move in his end of year speech, saying that all development of the car would be cancelled. The company has also withdrawn its plan to introduce the Acura brand to Japan in 2010.

Continue Reading

Global crisis ends Honda F1 dream

Friday, 5 December 2008

Tag: recession

Honda is pulling out of Formula One, blaming the world economic crisis for plans to sell its team.

The decision leaves Englishman Jenson Button and 2009 team-mate Rubens Barrichello without drives, with only a few mid-ranking seats still available.

Honda, which spent more than £300m a year on F1, said it would also no longer supply the sport with engines.

Honda Motor Co. has come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season for participation,

said Honda president Takeo Fukui at an emotional press conference.

Continue Reading