We knew it was coming and now we’ve got details. According to the latest reports out of Japan, the Honda NSX will live on, but mere mortals will never get a shot behind the wheel.

As previously reported, Honda has been actively petitioning the Japanese Automobile Federation (JAF) — the organizing entity behind Japan’s Super GT series — to run a new front-engine racer in the touring car championship. A cursory reading of the rule book states that vehicles campaigning in SuperGT must be production vehicles (think GT-R, MR2, SC430). However, Honda’s found a loop-hole.

Just as Toyota has done in recent years with the Supra (it’s out of production), the Super GT rules specify that a vehicle’s specs and design must be submitted to JAF to be approved. That means that a vehicle can be “production ready,” if not actually in production. So for the 2010 SuperGT season, Honda will bring out an all-new race car based on the NSX prototype (seen above), reportedly packing a 3.4-liter V8.

So… Lawyers: 1. NSX’s lovers: 0. But at least we get to see it race…

Adding to its automotive empire, Fiat announced on Monday that it has signed a partnership with China’s Guangzhou Automobile Industry Group. The 50-50 joint venture will see Guangzhou building Fiat vehicles and engines in China by 2011.
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Honda Motor Co. ran up a $1.9 billion loss during the fourth quarter of the Japanese fiscal year because of lower revenues, higher raw materials costs and unfavorable currency trends.

Honda managed, however, to show a $1.4 billion profit for the year ended on March 31 when it reported its full-year results Tuesday.
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