Toyota to boost domestic Prius production 50% by 2007

Nagoya (ANTARA News/Asia Pulse) - Toyota Motor Corp. (TSE:7203) plans to increase domestic production of its Prius hybrid car by 50 per cent to about 300,000 vehicles in 2007. The automaker currently manufactures the popular model almost completely in Japan and exports the vehicles to 40 countries and regions.

Although it already has plans to boost annual output by 15 per cent to about 200,000 vehicles this year, production has not been able to keep up with the growth in demand.

Toyota aims to just about quadruple worldwide hybrid sales from the 2005 figure to 1 million vehicles in the early 2010s.

Source:
Business in Asia Today - Sept 22, 2006
published by Asia Pulse