The new Fit is likely to be available in the U.S. market soon after its fall launch in Japan.

Honda will roll out a dedicated hybrid model in 2009 that will cost less than the Honda Civic hybrid, which starts at $22,600.

Honda has also announced that the launch of the Acura premium brand in Japan has been delayed with two years. Honda had planned to bring Acura to its home market in the fall of 2008 but is revising its plans "based on a comprehensive evaluation of the current market environment." Like Toyota's Lexus brand, Acura was first established in the United States.