Honda Motor Co said on Monday its new Insight model became the first hybrid to be crowned Japan's best-selling car last month.
The Insight went on sale in Japan in early February as Honda's first real attempt to challenge Toyota Motor Corp's dominance in the gasoline-electric hybrid segment.
This article introduces a multiagent simulation framework for investigating the emergence of niche markets for environmentally innovative products. It clarifies how consumer preferences, business strategy, and government policy interact during market development. The framework allows investigation of the effects of uncertainty and agents' corresponding coping strategies.
It is nothing but courage in the face of adversity. Indian carmakers, which saw their sales figures crashing to an eight-year low in the September-December quarter, will launch 50 new models this year in an attempt to revive their fortunes. The new launches are likely to inject some enthusiasm into the car market, troubled by economic uncertainties triggered by global recession.
TO GET ahead in India's increasingly competitive auto market, Toyota Motor Corp. is building a new plant and freshening its lineup. It has also made an unusual investment: It opened a school.
