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Generally, the best policy in life is to admit when you're wrong and just accept the consequences. However, that attitude generally seems to be a bit less common in the world of business – at least without some government or legal prodding. So, it's especially surprising to learn that top Honda executives in Japan are taking a pay cut for the next three months following the fifth recall of the Fit Hybrid (pictured above) in the last 12 months.

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Honda has announced a good-sized recall of two popular Japanese-market hybrids: the Fit Hybrid and the Vezel Hybrid are both headed back into the garage. The problem this time around lies in the software program that controls the 7-speed dual clutch transmission (DCT) that could "cause a delay in the ability to begin driving or the inability to move at all." In total, 81,353 units are affected (70,929 Fit Hybrids and 10,424 Vezel Hybrids) and all were made in Japan between July 2013 and February

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We recently heard Honda chief engineer Art St. Cyr talk about the excellent fuel economy that the Japan-only Fit Hybrid gets. "You may have seen the numbers," St. Cyr told a group of journalists, "the new one-motor hybrid system gives the Fit Hybrid the highest fuel efficiency among hybrid models in Japan." With a fuel economy rating of 36.4 kilometers per liter (86 miles per gallon) using the Japanese test cycle, Honda is (justifiably) proud that the little gas-electric hatchback with a 7-speed

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One of the most recent yet notable additions to the modern vehicle's growing suite of fuel-saving technologies is the humble start-stop system. It's rather simple - when the vehicle is stopped, the engine shuts off. It then fires back up when the driver starts to take his foot off the brake or step on the clutch. For one of the most important fuel sippers of the year, though, start-stop tech is a no-go.

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Honda has officially launched the Fit sub-compact in its home market, ahead of its eventual arrival in North America. The third-generation Fit is wildly important for Honda, with the company's president, Takanobu Ito, saying, "This is the most important model."

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Psst! Remember late last month when we showed you those Japanese magazine scans purporting to show the next Honda Fit? The ones with the markedly more aggressive snout and Cuisinart-blade alloys? Yup, they were the real deal, but they weren't the standard model, they were images of the new Hybrid. We know this because Honda has just released a handful of images and some details on its forthcoming gas-electric hatchback, and the images line up perfectly.

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Honda continues to tease us hybrid-thirsty Americans by revealing more details (or letting them leak out) about its next-generation Fit Hybrid. The upcoming Fit, which is known as the Jazz overseas, will get a whopping 85 miles per gallon on the lenient JC08 Japanese driving test cycle. That'd mark a 36-percent jump from the current version's fuel economy and would beat out the Toyota Aqua (aka, the Prius C), which gets an 83 mpg rating there, Green Car Congress says, citing the Japanese publica

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Japan's Honda Motor is looking to hybridize China with a trio of gas-electrics in 2012.

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Following in the footsteps of Toyota, Japanese automaker Honda will reportedly manufacture components, including batteries and electric motors, for some of its hybrid vehicles in China, starting in 2012. The production shift is meant to reduce the cost of Honda's hybrid vehicles sold in China and, hopefully, boost sales there, too.

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With Toyota set to unveil the Yaris HSD Concept hybrid at the Geneva Motor Show and the Honda Fit, boosted by a spike in sales of the gas-electric version, recently overtaking the Toyota Prius as the best-selling vehicle in Japan, conditions seem to indicate that a battle is begining for overall supremacy in the subcompact and compact hybrid vehicle segments.

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European Honda Jazz Hybrid – Click above for high-res image gallery

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European 2011 Honda Jazz Hybrid – Click above for high-res image gallery

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European 2011 Honda Jazz Hybrid – Click above for high-res image gallery

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2011 Honda Fit (Jazz) Hybrid – Click above for high-res image gallery

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2011 Honda Fit (Jazz) Hybrid – Click above for high-res image gallery

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2011 Honda Fit (Jazz) Hybrid – Click above for high-res image gallery

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European Honda Jazz Hybrid – Click above for high-res image gallery

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European Honda Jazz Hybrid – Click above for high-res image gallery

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Honda Fit hybrid – Click above for high-res image gallery

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