After all that talk about Honda's Prius-fighter, the Japanese automaker has released the first photos of its all-new dedicated hybrid model that will bear the name Insight after Honda’s first hybrid model. Although the Japanese company has labeled the Insight as a concept car, don’t expect to see many differences on the production model that’s slated to go on sale globally in mid-2009.

After reviewing the fourth quarter 2007 sales of American Honda Motor Company, Inc., the Internal Revenue Service announced that purchasers of qualifying Honda vehicles may continue to claim the Alternative Motor Vehicle Credit. Given the number of vehicles sold, the phase out period for Honda vehicles began on Jan. 1, 2008.

Honda's new hybrid car does not have to sacrifice its looks to be an environmentally friendly vehicle. It can be muscular and stylish too. Honda's new gas-electric hybrid sports car CR-Z is going to be unveiled atthis month's Tokyo auto show.