January 20, 2009

New hybrids for 2009

The recent auto show in Detroit promises continued development for hybrids and electric cars. Despite looming bankruptcy and funding problems, the auto makers promised that they will still launched these cars as previously projected.

Honda Motors said they will even start selling their next-generation low-cost hybrid cars Insight next month in Japan, followed by Europe and the US in succeeding months. Honda said it would price the Insight below 2 million yen ($22,140) in Japan, or about $5,000 cheaper than the Civic hybrid. It did not disclose the pricing for the North American market, where it wants to sell half of the new Insights and said the pricing will depend on currency exchange rate.

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