In my view there is no reason to not consider Honda the best motor maker in the world; they have been so since the mid 90s or so.
Others have had significant motors but have either failed to hold onto them (witness the fall of the BMW straight six), failed to make good on promises or answered questions nobody is asking (example, FIAT's FIRE was a brilliant concept with no real world results to show for it), and so on, but nobody has had excellence across the range the same way Honda have managed (and yes I'm aware of porous aluminium castings in the 3,5L V6... happens to the best I suppose...).
Ford are commendable in that they have become progressive in their thinking across two continents. The Focus is among the most advanced cars in the world, and is probably the first time their "world car" concept actually works (the Escort was a fiasco in US guise). If they cancel the Mustang their range will be truly 21st century; they are unlikely to do this because to the US Ford guys the Mustang is iconic, but that's OK. More power to them.