Toyota Motor Corp., the world’s biggest maker of hybrid vehicles, boosted first-quarter sales of dual-powered autos as a jump in overseas demand outweighed a drop in Japan, where government subsidies expired last year.
Ford Motor Co., expecting record U.S. sales of its hybrid vehicles this year, said buyers are equipping those cars with technology and safety options more frequently than models with conventional powertrains.
China, failing to convince motorists to buy electric cars, is considering widening state subsidies for gasoline-electric automobiles and other fuel-efficient vehicles, according to the industry minister.
Nissan Motor Co. plans to better utilize a Tennessee battery plant making components for the slow-selling Leaf electric car by having it also supply parts for the company’s hybrid vehicles, an executive said.
Carlos Ghosn laid a $5 billion bet in 2009 that the world’s next Ford Model T would be electric, and that Nissan Motor Co. would lead a revolution embraced by nations such as Denmark. Three years later, sales of Leaf plug- in vehicles in the Nordic country: 73.
Toyota Motor Corp. will produce 740,000 hybrid vehicles worldwide in fiscal 2011, an increase of 7 percent from this fiscal year, the Nikkan Kogyo newspaper reported, without saying where it obtained the information.
Fisker Automotive Inc., a maker of luxury plug-in cars that’s seeking investors to fund operations, lost a potential automotive partner and furloughed employees for a week to save cash. Fisker also retained restructuring lawyers, according to a person familiar with the matter.