From the Hasegawa website:Conceptually similar to the Volkswagen Beetle, the Honda N360 was a small, light passenger vehicle developed in Japan during the late sixties. It was powered by an air-cooled inline 2-cylinder engine small enough that the spare tire could fit in the hood space next to the engine block. In essence, the purpose of this rather boxy vehicle was to provide an affordable automobile for Japan's rapidly re-industrializing economy.