At 50, Honda is still fuel-efficiency leader
Honda is celebrating its 50th anniversary in the U.S. this month, as the industry turns toward the small cars it's been selling since in entered the market in 1959. Honda's first import car was the two-door N600, which had a sticker price of $1,295. The company boomed in the 1970s during the oil embargo, and by the end of the decade had opened its first U.S. plant. Honda sales again soared last year when gas prices topped $4 a gallon, with Civic sales in the U.S. reaching a record 339,289. As small-car competition has increased, the company has expanded into alternative energies with its Insight hybrid (above). It also plans to sell a hybrid based on its sporty CR-Z concept, a hybrid version of the Fit subcompact and a new version of its Civic hybrid.
Update: Hughes car goes for $1 million
Former Portland Trail Blazers center Bill Smith bought a 1936 Lincoln Boat Tail Speedster designed by Howard Hughes at an auction for $1 million last week. He says he considers it a bargain and would like to keep it with the "Spruce Goose" at the Evergreen Aviation and Space Museum in McMinnville, Ore.