Honda developing new compact car for global market

TOKYO December 6, 2004; Japan Today reported that Honda Motor Co has started developing a compact car with a 1-liter-class engine as its strategic vehicle for the global market, the Nihon Keizai Shimbun newspaper reported Monday.

The automaker is currently eyeing Thailand as a potential production base for the car and aims to introduce the model to the European market around 2008 and generate annual sales of 50,000 to 100,000 vehicles, the major economic daily said. (Kyodo News)