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.
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