We knew this was coming, it was just a matter of getting confirmation. According to Autocar, Nissan has suspended plans to create a compact, rear-wheel-drive successor to the Silvia (240sx) due to Nissan's financial difficulties and Carlos Ghosn's pledge to reduce costs.
The first indication that Nissan was working on a Silvia/240 replacement came in the form of the Foria concept that debuted at the Tokyo Motor Show in 2005. The Urge design study quickly followed and development of the RWD coupe continued over the following years. We talked to a Nissan exec back in August of 2008 and they were able to confirm that work was still underway, but wouldn't put an exact date on when it would be unveiled.
Another casualty of the financial crisis is the rumored and refuted GT-R-based sedan for Infiniti. Work on the Porsche Panamera fighter has been put on indefinite hold, but it hasn't been cancelled outright. Ghosn wants the automaker to focus its development efforts on producing small- and medium-sized cars, including a Toyota Prius competitor which could arrive as early as next year.