Inside these posts: Gas/electric

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Honda launches 70-mpg Fit to take on Toyota Prius

Honda presented its Fit Hybrid car in Tokyo Oct. 8, 2010. (Reuters/Issei Kato)

Honda Motor Co. said on Friday it would sell the hybrid version of its popular Fit subcompact for 1.59 million yen ($19,310) in Japan, making it the cheapest gasoline-electric car on the domestic market.

The company expects to sell about 5,600 units a month.

Competition in the hybrid segment is set to heat up as industry leader Toyota Motor Corp works to expand its line-up to meet growing demand for fuel-efficient cars from drivers around the world. Get the full story »

Toyota to bring out smaller, larger Prius models

A Toyota Motor Corp. worker checks a newly-assembled Prius at Toyota Tsutsumi Plant in Toyota, Japan. (AP Photo/Shizuo Kambayashi)

Toyota Motor Corp. will sell two variants of the Prius hybrid in the U.S. by the end of 2012, a larger and smaller version, according to two dealers who were briefed about the news.

One Prius will boast 50 percent more interior space and storage than the current model with the smaller one closer in size to the Yaris, said the dealers, who declined to be named because the matter is private. Get the full story »