By BLOOMBERG NEWS Published: September 14, 2005
FRANKFURT, Sept. 13 (Bloomberg News) - The Toyota Motor Corporation said this week that all its vehicles would eventually be run by hybrid gasoline-electric motors, as record fuel prices curb demand for conventional automobiles.
"In the future, the cars you see from Toyota will be 100 percent hybrid," Kazuo Okamoto, executive vice president, told reporters in Frankfurt Monday, without giving a specific timetable.
Toyota, Japan's biggest carmaker and second to General Motors worldwide, is aiming to make as many as 400,000 gasoline-electric vehicles in 2006, including Prius cars, Camry sedans, Highlander sport utility vehicles and Coaster buses, Katsuaki Watanabe, president of Toyota, said at an investor conference in New York Monday. That would be 60 percent more than 2005's objective, he added.