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Honda Pledges to Reduce Hybrid Cost Differential By One-Third

The additional cost of using a hybrid system to run Honda's Civic compact car will fall by a third $1,702 each, as development costs are halved within five years.

Published: 25-Dec-2005

Honda Motor Co., the world's second- largest maker of gas-electric cars, said it will cut the excess cost of so-called hybrid system on the Civic by a third within 5 years, as it phases out the gasoline-powered version in some markets including Japan.

The additional cost of using a hybrid system to run Honda's Civic compact car will fall by a third to 200,000 yen ($1,702) each, as development costs are halved, President Takeo Fukui said today. The Civic Hybrid, with a four-month waiting list in Japan, is priced at between 2.2 million and 2.4 million yen.

Honda is relying on hybrid versions of the Civic and Accord, its two best-selling models, to compete with Toyota Motor Corp.'s Prius as record gasoline prices spur demand for vehicles that burn less fuel. Tokyo-based Honda may put diesel engines in light trucks in North America, where it sells about 49 percent of its vehicles, Fukui said.

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RELATED NEWS ITEMS

The 2006 Civic Hybrid, which achieves an EPA estimated city/highway fuel economy of 49/51 miles per gallon, goes on sale October 19 with a price of $21,850, or $23,350 when equipped with Honda's optional satellite linked navigation system.

The 190-mile range is the equivalent of 51 mpg in a gasoline car. A range of 120 miles equals 32 mpg.

The award extends to the entire Civic Sedan and Civic Coupe lineup including the environmentally responsible Civic Hybrid and high-performance Civic Si models.

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