Honda will launch two new 1.3 to 1.5-litre subcompact models this year with a
worldwide sales target of 150,000 to 200,000 units a year.
One model will replace the current Logo hatchback launched in 1996 but will have
a new name and be powered by a clean-burning i-VTEC engine.
Honda sources claim the new car will be the most fuel-efficient in its class.
It will be sold in all major markets except North America.
The other new model shares its platform with the Logo replacement and replaces
the Japanese-market Capa wagon, launched in 1998. However, unlike its predecessor,
the new model will be exported to Europe.
Honda had originally planned to make the new cars at its British factory but
the unfavourable pound/Euro exchange rate led to a decision to build the CRV
for the USA in Britain and build these new subcompacts in Japan.