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Honda's compact hybrid to be cheapest in October: reports

Sat, 08/07/2010 - 9:24pm
Reuters

TOKYO (Reuters) - Honda Motor Co plans to sell a hybrid version of its popular Fit compact car at around 1.59 million yen ($18,600), making it the cheapest hybrid in Japan when it goes on sale in October, the Tokyo Shimbun daily said on Sunday.

Thanks to Japanese subsidies on green-car purchases, hybrid cars have become popular in the market for new passenger cars in the past months.

But the subsidies are scheduled to end next month, a move that could trigger a price war with rival hybrid car maker Toyota Motor Corp.

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