Given the current severe economic situation, Honda recently decided to withdraw from Formula One, to cut temporary staff by 450 in Japan, and to postpone opening a new plant. Honda also discontinued the further development of a V10 supercar, a successor to NSX. If that is not enough it just-announced revised product development plan, Honda says they will concentrate on hybrid and compact vehicles. The company is now focused on developing battery technology in order to produce a quality electric motorcycle for consumers. The news will be pleasing for those of you who remember Honda's electric moped concept that was unveiled back in 2004 but failed to see production.

Honda will continue to look to the newly emerging countries in regions such as Asia and South America where motorcycles are being used for everyday transportation, long-term and steady market growth is expected despite some external factors such as changes in economic conditions.

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