Did the line about "entirely new model" mean that the Fit Hybrid was an illusion. Yes, a complete illusion according to an December 2006 interview with Takeo Fukui, CEO of Honda, in Automotive News. "We're not thinking of a Jazz (Fit) hybrid right now...To us, the Jazz has sufficient fuel efficiency with the current gasoline engine" said Fukui. "Instead of coming up with a hybrid version of the Jazz, we're coming up with a hybrid-dedicated model for 2009.