The Versa, a U.S. version of the JDM Tiida model (pictured), will be offered in sedan and hatchback versions, starting at about $12,000. With its 120 hp 1.8-liter four-cylinder mated to an optional CVT, the small car should give a combined city-highway rating of around 38 mpg.
The hatchback Versa will go on sale in early summer 2006, around the same time as Honda's new small car. The two will join the Chevy Aveo, Toyota's Scion models and Toyota's upcoming Yaris in this growing U.S. market segment.

More after the jump.

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