Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: HOGridin Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 701  
Subject: pledge to sell 300,000 hybrids Date: 8/4/2004 3:44 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
Toyota Motor Corp. has set a goal of selling 300,000 gas-electric hybrid vehicles worldwide by the end of 2005, but production capacity may be a factor, Toyota president Fujio Cho said...

Japan's No. 1 automaker remained bullish on prospects for hybrids even as Toyota and others invest billions on technology for hydrogen fuel cell cars and trucks. But experts say road-ready hydrogen-powered vehicles are at least a decade away.

Toyota sold 53,293 hybrid vehicles worldwide in 2003 and announced Tuesday it was boosting monthly production of its hybrid sedan, the Prius, from 10,000 to 15,000 a month in 2005 to meet global demand. Toyota also plans to introduce two hybrid sport utility vehicles early next year - the Toyota Highlander and Lexus RX400H.

Ford Motor Co. is scheduled to begin selling a hybrid version of its Escape SUV this summer. Ford has said the hybrid system in the front-wheel-drive Escape allows the vehicle to get 35 to 40 miles per gallon in city driving, compared with 20 miles per gallon in a 2005 Escape with a V6 engine. It plans another hybrid SUV and midsize sedan in the next few years.

Also, Honda is set to introduce a hybrid version of its popular Accord sedan this fall.

U.S. registrations for hybrid vehicles rose to 43,435 last year, a 25.8 percent increase from 2002, according to recent figures from R.L. Polk & Co.

Since 2000, hybrid sales in the United States have grown at an average annual rate of 88.6 percent, Polk said, but they account for only a fraction of total vehicles sold. Full-year U.S. sales for 2003 were 16.7 million.

Toyota sold 1.86 million vehicles in the United States last year - 6.3 percent more than the year before - but Prius sales accounted for only 24,627.

http://www.forbes.com/feeds/ap/2004/08/04/ap1490973.html
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement