Japanese automaker Honda Motor Co. Ltd. plans to begin production and sales of its bestselling Fit hatchback in China next year, a newspaper said Saturday.

Honda plans to produce 60,000 cars a year at its plant in Guangdong in July next year for sales in the country, the Sankei Shimbun said.

The Japanese company also plans to produce the Fit at another Chinese plant in January 2005 for shipments to other countries, the newspaper said.

Honda is to sell the car for some 1.5 million yen (13,900 dollars), targetting middle-income residents in urban areas of the country, it said.

Last month, Honda began production and sales of the popular car in Thailand, with a plan to sell 16,000 cars for the initial year.

The Fit is also produced in Brazil and Japan.

Close

Today's Top News		Top Business News
+Wen: China, Mexico are partners, not competitors ( 2003-12-14) +Power shortages darken Southern China ( 2003-12-14) +Price index rises to six-year high ( 2003-12-12) +Furniture makers confident US dumping charges doomed ( 2003-12-12) +Premier: Visit to US important, successful ( 2003-12-12)		+Power shortages darken Southern China ( 2003-12-14) +More flights for festival ( 2003-12-14) +Honda to launch popular Fit model in China ( 2003-12-14) +Hutchison, Tongrentang in US$239m drug JV ( 2003-12-13) +Govt urged to liberalize corporate-bond market ( 2003-12-13)