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Hybrid - Japan - Toyota to use new hybrid system in 2008, report says
TOKYO,Japan -Reuters/Asahi -Nov 16, 2005: -- Toyota Motor Corp. will begin using a cheaper and smaller hybrid system from 2008, more than doubling production of the fuel-sipping vehicles by then to 600,000 units a year, reported on Wednesday... Japan's top automaker is keen to spread the hybrid powertrain as the main fuel-efficient alternative to internal combustion engines to make up for initial spending on research and development and to lower high per-unit production costs... Toyota is aiming to sell 1 million hybrid vehicles annually some time in the decade beginning in 2010...
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