How Honda Will Take On Tesla: By Being Honda

In a surprise, Honda (NYSE: HMC) said that it will unveil an all-electric sports car at the Tokyo Motor Show on Oct. 25 -- and it released the "teaser" illustration you see below.

This will be the second all-electric car built on what Honda has described as an all-new architecture designed specifically for electric vehicles, following the Civic-like Honda Urban EV Concept it showed earlier this month.

It's another sign that Honda, a company long respected for its innovation and independence, has been quietly preparing a major move into electric vehicles -- one driven by a lesson it might have learned from Tesla (NASDAQ: TSLA).

Source: Fool.com