Jim Lentz News
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Toyota Motor Corp., the biggest seller of gasoline-electric autos, wants to spur U.S. demand for its hybrids with a smaller, cheaper version of the Prius, a goal that eluded Honda Motor Co. with its Insight.
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Toyota Motor Corp., Asia’s largest carmaker, climbed to the highest in six months in Tokyo trading after the company raised its profit forecast.
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Toyota Motor Corp., Japan’s biggest carmaker, will probably raise the production target for its new compact version of the Prius hybrid after initial orders exceeded the company’s expectations, the Nikkei reported.
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Toyota Motor Corp., the world’s largest seller of gasoline-electric autos, boosted its global sales target on higher demand for a new small Prius model and its other hybrids, buoyed by government incentives in Japan.
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Toyota Motor Corp., the biggest seller of gasoline-electric cars, said U.S. Prius sales will climb more than 60 percent to a record this year, helped by the introduction of a smaller version of the hybrid hatchback.
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Toyota Motor Corp. scored a victory in 2011 as U.S. deliveries of its Prius v wagon in 10 weeks topped sales of General Motors Co.’s Chevrolet Volt plug-in hybrid that was available all year.
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Toyota Motor Corp. survived a massive recall two years ago and the effects of Japan’s tsunami last year. Now the company faces an unprecedented rush of competitors for its franchise car, the Camry family sedan.
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Toyota Motor Corp.’s December sales gain beat analysts’ estimates and Kia Motors Corp. had the biggest increase among Asia-based brands, capping the U.S. auto industry’s best year since 2008.
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Inventories at U.S. wholesalers rose less than forecast in November as distributors struggled to keep up with demand, a sign gains in manufacturing will keep the economy growing.
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Two weeks after Japan’s March 11 earthquake knocked out more than 650 of Toyota Motor Corp.’s suppliers, halting worldwide production, the automaker had to decide where to focus its resources. It picked the Prius.
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