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Posted on October 18, 2017

Monday, January 9, 2006

Honda’s Civic and Ridgeline truck won the North American Car and Truck of the Year awards at the International Auto Show in Detroit. This is the first time a company has won both awards in the same year. The finalists were the Ridgeline, the Ford Explorer SUV and the Nissan Xterra. The awards are intended to recognize vehicles for their innovation, design, safety, handling, driver satisfaction, and value.

Honda also unveiled its latest model the Fit, a US version of the Honda Jazz sold in nonUS markets. The Fit comes with a 109 horsepower engine, antilock brakes, six air bags, fold flat seats, full iPod connectivity, 90.1 cubic feet of passenger and cargo space, and 33 mpg for the city 38 mpg for the highway. A sport package will also include Honda’s first steering wheel mounted paddle shifters. The car will go against another two new Japanese subcompacts, the Toyota Yaris, Nissan Versa and will have to wrestle away sales from the category’s current top seller Chevrolet’s Aveo.

The car will start selling in April for around $13,000 to $14,000 as a 2007 model. The company plans to sell 33,000 units of the hatchback in 2006.

Many automakers expect industry wide sales in the US to be between 16 and 17 million units. Honda, which is Japan’s third largest automaker, hopes to gain US market share with the redesigned Civic and the Fit. Honda hopes that the company’s auto sales will rise 4% this year. The fuel-efficient Civic helped increase US market share to 8.6 percent last year, some of those sales were taken from Ford as gas prices rocketed to $3 a gallon. The US market is extremely important for Honda as it receives 64% of its operating profit from the US.

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This page is archived, and is no longer publicly editable.

Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

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