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Honda Reported to be Planning Low-Cost Hybrid Fit

Automaker to sell fuel-sipping version of its Fit subcompact for about $12K - newspaper.

Published: 22-Feb-2006

TOKYO (Reuters) - Honda Motor Co. plans to sell a low-cost hybrid car, a version of its popular Fit subcompact, a Japanese daily reported, signaling the auto maker's long-term commitment to the fuel-sipping powertrain.

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

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

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