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Nissan’s planned 240SX/Silvia successor has been cancelled, according to a report published Thursday. The 2011 Silvia project was said to be inspired by the Foria and Urge concepts, and we published an exclusive illustration last year of the car. Meanwhile, there’s bad news for Nissan’s Infiniti division, too. The GT-R-based sedan planned for the brand (see illustration) has been put on hold, with little near-term hope for revival.

According to the U.K.’s Autocar, the decision was made in response to the Renault-Nissan’s $1.27 billion loss incurred during the second half of 2008, details of which were announced today.

CEO Carlos Ghosn has reportedly indicated the company must focus all of its resources on small and medium-sized cars, including an electric Prius rival, expected to arrive in showrooms next year. As recently noted, Nissan has also applied for loans from America’s Department of Energy for U.S.-based EV and battery development.

The 240SX sports car was to be sold in hybrid and gasoline variants. It was intended as a low-cost alternative to the 370Z. There is apparently no hope for a revival of the program. Meanwhile, the GT-R Sedan could be saved, but at this point, development has been suspended indefinitely.

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370z OG