October 05, 2008

Honda Unveils Insight at Paris Auto Show

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PARIS, France --- Honda unveiled a concept version of its Insight hybrid family car at the Paris Motor Show on Thursday, Oct. 2, USA Today reported.

Honda Motor CEO Takeo Fukui said the gasoline-electric Insight will hit the world market early in 2009. The automaker plans to sell 200,000 annually worldwide, half of which will be in North America, USA Today reported. The Insight's price is expected to start about $20,000.

Honda hasn't yet announced fuel economy numbers. The vehicle will be a hybrid hatchback only; there will be no gasoline-only version. The car will be manufactured at Honda's factory in Suzuka, Japan.

The small, five-passenger hatchback is named after Honda's original Insight hybrid. That was a two-seater that went on sale in the U.S. in December 1999, the first time a major automaker sold a gasoline-electric hybrid in America. Toyota followed about six months later with the Prius. That two-seat Insight has been discontinued.

Honda's plans also include another hybrid based on the CR-Z sports car first shown at the 2007 Tokyo Motor Show. However, no timetable has been announced. A hybrid version of the Fit small car is also in the works for the overseas market, USA Today reported.

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