Honda CEO Takeo Fukui revealed in January that a production hybrid based on the CR-Z Concept shown in Tokyo last year was on its way. And now it's reported that the spiritual successor of the CR-X will go on sale in Europe first, sometime around the end of the decade.

Honda UK manager of product planning Mark Turner told Automotive News Europe that the production CR-Z hybrid would be priced around €25,000, with a high-end model costs €28,000. Since Europe will be the car's most important market, Honda UK will have a voice in the car's development, including its design. Engineering for the car is also being carried out at Honda's R&D facility in Germany. Turner added that a gasoline version of the CR-Z would be considered if there were demand for it. The CR-Z will join Honda's upcoming global hybrid, as well as a new Civic Hybrid, in late 2009 or early 2010.

While Honda hopes to sell half a million hybrids by 2011 like it claims, all three models are expected to also be available in the United States.

Source:http://carfreaksblog.blogspot.com