Honda to cut excess price of hybrids?

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.

Full article here

Homer008 - 12/22/2005 5:35:31 PM

+1 Boost

Hybrid technology was started at the same time with joint effort between Japanese and U.S. car manufacturers. U.S. basically quit while Japanese remained with hybrid project and its beginning to payoff now.

Homer008 - 12/22/2005 5:35:31 PM

+1 Boost

Hybrid technology was started at the same time with joint effort between Japanese and U.S. car manufacturers. U.S. basically quit while Japanese remained with hybrid project and its beginning to payoff now.