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General Motors Corporation has confirmed today (January 7) plans to cancel the Pontiac G8, a 50 Cent sponsored sport truck.

The two-door, six-foot bed vehicle was scheduled to debut in North America in 2010.

50 Cent first introduced the G8 sport truck last March at the New York International Auto Show.

In a statement to the Associated Press, Pontiac spokesman Jim Hopson stated the cancellation is part of a restructuring plan within GM due to the recession and the company’s long-term “vision for Pontiac.”

Furthermore, Hopson clarified that the canceled truck does not change production plans for other G8 vehicles.

The latest setback for 50 comes as MTV canceled the mogul’s high-profile reality show 50 Cent: The Money and the Power.

Citing listless ratings, the network cut the show after just six episodes and has declined to green light a second season.

50 will be moving forward with the release his fourth studio album Before I Self-Destruct, which is now scheduled for February 3 release.

The highly anticipated LP will be packaged with an original movie by the same title, which marks 50’s directorial debut.

The just finalized track listing showcases four tracks produced by Dr. Dre, and additional production from Hi-Tek, DJ Khalil, Don Cannon, Red Spyda, Scott Storch, and J.R. Totem.

The streamlined guest-list features G-Unit, Eminem, Swizz Beatz, Nate Dogg, and Dr. Dre.