Toyota Developing Flex-Fuel Cars
12 June 2005
Nikkei. The Nihon Keizai Shimbun reports that Toyota is developing flex-fuel cars, targeted at the Latin American market.
Toyota hopes to market new flex fuel vehicles in the second half of next year at the earliest because Latin America, where new car sales are rising sharply, is one of the priority markets for the carmaker.
Flex-fuel vehicles run either on gasoline or ethanol. In Brazil, flex fuel sales are booming.
All foreign carmakers operating in Brazil, except for Toyota and Honda, are already marketing flex-fuel cars. Toyota now sees promise in this car category, as increased numbers of such vehicles are also selling in China and India.
Toyota sold 260,000 new cars in Latin America last year, 50,000 of those in Brazil.
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