Honda came out swinging in the fuel economy battle Friday with the announcement that its all-new Accord Hybrid had matched the Ford Fusion Hybrid for EPA combined fuel economy, with a rating of 47 miles per gallon.

Even better for Honda fans, the Accord Hybrid did this with a 50 mpg rating in city driving, which tops the Fusion's 47 mpg figure. The Ford gains the upper hand in highway driving however, with 47 mpg to Honda's 45 mpg.

The Accord Hybrid's thriftiness at the pump means that it has a range of 673 miles, Honda said, which tops both the Toyota Camry Hybrid and the Fusion Hybrid.

The mid-size car, which goes on sale in October, uses a 141-horsepower, 2.0-liter inline four-cylinder engine and an electric motor. Total horsepower figures will be released closer to the car's on-sale date, Honda said.

The Accord Hybrid is being built alongside the gas-powered Accord in Honda's Marysville, Ohio, plant. Honda said it has spent the last three years and more than $1 billion to renovate and expand the plant.

2013 is shaping up to be a strong year for the Japanese automaker. Year-to-date sales for Honda Motor -- which includes luxury division Acura -- are up 11% over 2012. And Honda's 2014 Odyssey was recently the first minivan ever to be rated a Top Safety Pick Plus by the Insurance Institute for Highway Safety.

Honda's Accord and compact Civic sedan also garnered this designation by the IIHS earlier this year.