Honda Motor Co said on Wednesday it would launch a new, low-cost
hybrid car in Japan, North America and Europe in early 2009 as it seeks
to cut the lead of Toyota Motor Corp in the green car race.Global
production of biofuels will rise rapidly over the next decade, helped
by high government blending targets and subsidies, the OECD and the
UN's FAO food agency said in a report published on Thursday.