Honda Motor Co. officially announced its plan to develop a high-performance sports car to serve as a successor to the now-defunct NSX.
President Takanobu Ito confirmed earlier reports about the car at a press conference held Friday to highlight Honda's 2011 motor sports activities.
The new model will be based on the 3.4-liter HSV-010GT race car. Honda runs the car on the Super GT auto racing circuit.
Ito said he wanted to commercialize the HSV because other automakers participate in the competition with racing versions based on cars sold on the market.
"I think Honda should respect the history of the Super GT competition (as a stock-car race)," Ito said.
Ito also indicated Honda may develop a low-priced small sports car.
"There are two types of sports cars--affordable and high-performance. I hope we will be able to market both," he said.
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