president Takeo Fukui has denied newspaper reports that Honda hybrids will be built a new Indiana factory that opens in 2008. Sources say the
will be built there, but all Fukui said was that Honda will build small vehicles with 4-cylinder engines. Honda currently makes the
but has announced it will build a smaller
in 2009. The automaker will also introduce
engines to American consumers. In other Honda news, Fukui said the company's engineers will focus on profitable cars while a new subsidiary takes over development of minicars for the Japan market.
[Source: Kae Inoue & Tetsuya Komatsu / Bloomberg]