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Old 12-17-2008, 12:55 PM   #1
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Default Honda to develop entry-level car in 2, 3 years

TOKYO, Dec 17 (Reuters) - Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) aims to develop an entry-level car below the Fit model in two to three years to meet demand in emerging economies, such as India, Chief Executive Takeo Fukui told a news conference on Wednesday.

Japan's No.2 automaker plans to delay the introduction of medium to large-sized diesel models in the United States and Japan to concentrate on hybrid and small cars amid a deepening global economic slump. (Reporting by Chang-Ran Kim)
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