Honda to Debut Production Versions of Pure-Electric Fit and 2012 CR-V in Los Angeles

[2010 Honda Fit EV Study pictured above]

The 2012 CR-V won't be the only brand-new production model from Honda to make its world premiere at the Los Angeles Auto Show on November 16th as the Japanese automaker announced that the 2013 Fit EV will also be displayed in final form.

Honda had presented a thinly disguised concept of the Fit EV exactly a year ago at the 2010 edition of the LA Show. The production variant of the pure-electric Fit will be closely modeled after last year's study and is expected to keep its lithium-ion battery and coaxial electric motor.

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Honda to Reduce Production in Japan by 50% Over the Next Decade

The rising yen, which hit a 10-year high against the Euro last Tuesday while also getting stronger against US dollar, has forced Honda to rethink its production strategy.

Honda CEO Takanobu Ito told Japanese daily Asahi that the company plans to compensate by cutting its domestic production by half in the next decade. The move is part of Honda’s plan to sell 80-90% of its vehicles produced globally in local markets so as to be less vulnerable to currency fluctuations.

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