http://www.planetark.org/dailynewsstory.cfm/newsid/17050/story.htm
Planet Ark :
Toyota to double hybrid vehicle lineup by 03 - paper

JAPAN: July 29, 2002

NEW YORK - Toyota Motor Corp plans to double the number of its 
eco-friendly hybrid models to six by the end of 2003 to cement its 
lead in the growing field of low emission vehicles, the Nihon Keizai 
Shimbun's online Saturday edition said.

Toyota, Japan's largest automaker, will release in the fall a hybrid 
gas-electric version of its 2-liter Crown sedan and will later add 
hybrid models of the Harrier sport-utility vehicle, along with its 
recently debuted Alphard minivan, the paper said.

The hybrid version of the Harrier, a popular model known as Lexus 
RX300 in the United States, will be exported to U.S. dealers, the 
report said.

A spokesman at Toyota America said nothing has been decided yet.

Unlike pure electric cars, hybrids do not need to be plugged in to be 
recharged. But they are more expensive than gasoline cars, with the 
Estima hybrid costing some 500,000 yen ($4,209) more than a 
gasoline-powered Estima.

Toyota, which last August debuted a 3-liter hybrid Crown, or Camry in 
the United States, will market the 2-liter hybrid Crown mainly to 
government and municipal offices that are increasingly replacing 
their cars with low-emission vehicles, the paper said.

Without citing sources, the report said Toyota will likely keep the 
price of the new hybrid Crown only 150,000 yen higher than the 
gasoline-powered model.

Since the automaker pioneered the way with the world's first hybrid 
car Prius in 1997, Toyota has sold 30 percent of a total 100,000 
hybrid cars in overseas markets, the paper said.

Honda Motor Co is the only other automaker so far to mass-market 
hybrid vehicles - the two-seater Insight and a recently launched 
hybrid version of the Civic compact.

Toyota enjoys a 90-percent share of the global market for 
eco-friendly vehicles and hopes to triple annual production of hybrid 
cars to 300,000 units in 2005, the report said.

REUTERS NEWS SERVICE


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