Honda Motor Co Ltd announced that the development of its hybrid-only model slated for release in early 2009 is progressing smoothly and the cost for its hybrid-related system is likely to be about 50% lower than that of the Civic Hybrid. The hybrid-only model will be a five-passenger car with five doors suited for family use, with the size somewhere between Honda's "Fit" and "Civic" The market price is expected to be less than ¥2 million (≠ US$18,580).Read More Here:
