UPDATE 1-Honda to sell low-cost hybrid car in 2007/08-paper

Newswire

(Updates throughout with details, background) TOKYO, Feb 22 (Reuters) - Honda Motor Co. plans to sell a hybrid version of its popular Fit subcompact model globally as early as the business year starting in April 2007, the Nihon Keizai business daily reported on Wednesday. Japan's third-biggest auto maker aims to sell the Fit hybrid for around 1.4 million yen ($11,790), or about 200,000 yen more than the gasoline-only version, likely making it the world's first hybrid to cost less than 2 ...

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