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 |  Jul 27 2012, 10:02 AM

Nissan‘s GT-R was touted as a supercar killer for half the price, but it looks like the redesign of the car has yet to be approved by Nissan CEO Carlos Ghosn. 

A source close to the project let slip to Inside Line that development of the next gen GT-R hasn’t even been started yet, because the project has yet to be given the go ahead. Some subtle changes have been given to the GT-R over its five year run, but nothing that can be considered major.

Rumors have already been swirling around the redesign, saying that the new GT-R could possibly be a hybrid, and have over 600 hp. Yet, if what Inside Line says is true, no development has even started on the car yet.

Ghosn’s latest pet project was the all-electric Nissan Leaf, which is on the other end of the spectrum compared to the GT-R, possibly marking a new direction for the company. Chief GT-R engineer Kazutoshi Mizuno also recently retired, another factor that weighs against bringing the GT-R back to life in a new form.

[Source: Inside Line]