Half the year is gone, and with June’s auto sales figures out the annualized number for the U.S. market is 11.1 million vehicles. Sure, a lot of automakers posted big increases from June of last year, but the reality is the industry has a long way to go.

Autoweek reports this morning that Honda is canceling the NSX supercar project, the announcement coming from company President Takeo Fukui. The new version of the NSX was slated as a 2010 model with a front-mounted V-10 engine putting out 500 horsepower. A prototype was seen testing at the Nurburgring in Germany during the summer. But the economic crystal ball that was only cloudy six months ago has turned into a lump obsidian.