News On Japan

Honda eyes reviving iconic NSX sports car as EV

DETROIT, Sep 22, 2022 (Nikkei) - With only a handful of special editions left in dealer showrooms, the Acura NSX from Honda Motor seems ready to drive off into the sunset. But we might not have seen the last of the iconic sports car.

When it was first introduced back in 1990, the Acura NSX served to demonstrate the technological prowess of Honda's luxury Acura brand, a strategy repeated with the launch of an all-new NSX in 2016. Now, Acura planners are giving thought to how they might bring the premium sports car back to demonstrate the brand's upcoming shift in direction.

While he declined to say whether a third-generation NSX is set to follow, "I would bet on it," said Vice President and Acura Brand Officer Jon Ikeda at American Honda Motor Co. And if it does, he said in an exclusive interview, "it's going to be [all-]electric."

Loosely based on the 1984 HP-X, the Honda Pininfarina eXperimental concept, the original NSX debuted as a 1990 model and was used to highlight such technological breakthroughs as the use of an all-aluminum body and chassis. It remained in production, with an ongoing series of tweaks, for the next 15 years.

After spending nearly a decade exploring ways to revive the iconic nameplate, Acura brought the NSX back in 2016, this time as a three-motor gas-electric hybrid. It was lightning fast, rocketing from 0 to 60 in 2.9 seconds, and used the unusual drivetrain's Super-Handling All-Wheel-Drive system to give it the sort of handling that even Ferrari struggled to match.

But production recently wrapped up with the end of a limited-edition run of NSX Type-S models. And, at least officially, Acura says it has no plan to bring the sports car back.

No official plan, but company officials tell another story on background, noting that a third-generation NSX would be the perfect platform to highlight the brand's shift from internal combustion to battery-electric propulsion. ...continue reading

News On Japan
POPULAR NEWS

Large Typhoon No. 25 was moving northwest over waters south of Japan at 3 p.m. on September 19 and is forecast to strengthen as it approaches Kanto and the Izu Islands from September 20 through September 21, bringing the risk of torrential rain, violent winds and further damage in areas still recovering from last year's typhoon.

A black bear has been spotted near one of the most popular hiking trails on Mount Takao in western Tokyo, prompting authorities to urge visitors to take precautions ahead of the five-day Silver Week holiday and the approaching autumn foliage season.

Starbucks is considering selling a majority stake in its Japanese business, potentially valued at as much as $3 billion, or about 470 billion yen, as the U.S. coffee chain seeks to concentrate management resources on its struggling North American operations.

Japan's Halloween Jumbo Lottery went on sale nationwide on September 16, offering a combined top payout of 400 million yen for the first prize and its adjacent-number prizes.

A new top-tier "Supreme Class" offering fully private compartments above the level of Green Car service will debut on the Tokaido and Sanyo Shinkansen on October 1, with passengers able to experience the new seating at a demonstration booth at Shin-Osaka Station.

MEDIA CHANNELS
         

MORE Business NEWS

The yen strengthened by more than 1 yen against the dollar in a short period late on September 18 after the Bank of Japan conducted a rate check, a step commonly taken in preparation for possible intervention in the foreign exchange market.

Tokyo stocks rose sharply on September 18, with the Nikkei 225 climbing to around 65,350 in afternoon trading after the Bank of Japan raised interest rates to 1.25%, as the yen weakened and investors bought artificial intelligence and semiconductor-related shares.

The Bank of Japan raised its policy interest rate from 1.0% to 1.25% on September 18, lifting borrowing costs to their highest level in 31 years as policymakers moved to contain growing inflation risks, but the yen weakened sharply after the decision as markets focused on two dissenting votes and uncertainty over the pace of further increases.

A market spread is generally the difference between two market prices. Most commonly, traders use the term to describe the bid-ask spread: the difference between the highest price a buyer is currently prepared to pay and the lowest price a seller is prepared to accept.

Tokyo stocks rose on September 17, with the Nikkei 225 closing at 64,136, up 213.25 points, as investors bought selected technology, pharmaceutical, insurance and consumer-related shares after the Federal Reserve’s rate hike, though gains were capped by a stronger dollar, renewed yen weakness and caution before the Bank of Japan’s policy decision.

Hakone, one of the Kanto region's most popular tourist destinations, has been left with just two operating gas stations after a series of closures, prompting the town to provide more than 10 million yen in subsidies to help reopen a shuttered facility.

Japan's Halloween Jumbo Lottery went on sale nationwide on September 16, offering a combined top payout of 400 million yen for the first prize and its adjacent-number prizes.

Japan's National Tax Agency is preparing a major overhaul of the way unlisted shares are valued for inheritance tax, a reform that could significantly affect business succession at profitable, asset-rich companies and would mark the first fundamental revision of the rules since they were introduced in 1964.