HOEI

Honda Hybrid under 12K

February 22nd, 2006

A Reuters story on FoxNews.com tells of a new Honda hybrid that is expected to be priced at less than $12,000 USD.

Japan’s third-biggest auto maker aims to sell the Fit hybrid as early as next year for around 1.4 million yen ($11,790), or about 200,000 yen more than the gasoline-only version, likely making it the world’s first hybrid to cost less than 2 million yen ($16,840), the leading Japanese business daily said on Wednesday.

The model could be launched in the business year starting April 2007 and would be sold globally, the paper said. (Source)

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