Honda plans to sell a hybrid version of its Fit subcompact model globally as early as the business year starting in April 2007, the Nihon Keizai business daily reported on Wednesday.
According to a Reuters story the Fit would sell for $11,780 only $1,715 more than the gasoline version. Honda is developing a smaller motor and battery to reduce the hybrid's cost and weight, the Nihon Keizai said. The hybrid unit would have a one-liter engine the paper said.
Honda has refused to confirm the story.