UPDATE 1-Honda launches CR-Z hybrid, says margins higher


* CR-Z profit margin better than Insight, Fit models-exec * Targets 40,000-50,000 CR-Z sales worldwide annually * Car to be launched in N.America, Europe from summer * Quality suffered during rapid expansion in 1990s - CEO By Chang-Ran Kim, Asia autos correspondent TOKYO, Feb 25 (Reuters) - Honda Motor Co on Thursday launched the sporty CR-Z model, its second in a line of low-cost hybrid cars aimed at meeting stricter environmental regulations and expanding sales in the tough ...

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