Toyota Expects US Hybrid Sales to Grow 30% in 2007
15 November 2006
Nikkei. Toyota Motor expects US sales of hybrid vehicles in 2007 to grow 30% over its 2006 estimate to about 300,000 units.
Toyota sees its hybrid sales growing now that local output of the gasoline-electric version of the Camry sedan has been launched, strengthening its supply capabilities.
Toyota Motor Sales USA also is targeting a doubling of its market share target for the redesigned Tundra full-size pickup to 10%.
To this end, the automaker plans to enlarge the truck and use a more powerful engine to appeal to a wider base of drivers. Production of the new Tundra will begin at a new plant in the state of Texas.
Toyota Motor Sales USA Chairman Yukitoshi Funo noted that the importance of diesel engines is growing, so the firm is considering a full-scale entry into the market, mostly with trucks. It expects the capital and business tie-up recently formed with Isuzu Motors Ltd. [earlier post] to “help move up” this entry, according to Funo.
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