Hot Cars

Higher Fuel Prices Spurring Honda To Spend Big On Small Cars

May 24, 2006 on 3:17 am | In Car News |

Because gasoline prices are topping $3 a gallon, Honda is back in its element.

CEO Takeo Fukui, investing aggressively in small cars and fuel-saving engines, is planning a clean diesel, a new hybrid car and a new assembly plant in the United States.

Honda’s plans suggest it wants to reclaim the industry’s eco-friendly high ground. No more will Toyota Motor Corp., with its popular Prius hybrid, go unchallenged as the world’s greenest carmaker.

Worldwide, the average Honda vehicle sold in 2010 will emit 5 percent less carbon dioxide than today, Fukui said last week at a press conference. That follows a 5 percent cut achieved from 2000 to 2005.
Read Full Story