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Output and earnings weak in Britain
TORRANCE, Calif., June 12 (UPI) -- Japanese carmaker Toyota Motors, calling hybrid technology its core technology, said it looks to soon sell 1 million gasoline-electric vehicles a year.
The automaker also appeared to be backing away from a pledge made four years ago that hybrid powertrains would be an option on nearly all of its U.S. vehicles by 2010, USA Today reported Tuesday.
"Hybrid technology is our core technology and we will double our hybrid lineup," Mira Sleilati, spokeswoman at Torrance, Calif.-based Toyota Motor North America, told the newspaper. "At the same time, we are accelerating the pace of our efforts to achieve annual sales of 1 million units in the early part of the 2010s."
Doubling the U.S. hybrid line would result in 12 hybrids, about one-third of the 35 models sold by Toyota's namesake brand, its Lexus luxury brand and its Scion youth brand.
Sales of gasoline-electric hybrids should boom 226 percent to 854,000 in 2011 from 262,000 last year, a forecast by J.D. Power and Associates predicted.
"If gas prices stay high, the sky's the limit," said J.D. Power spokesman John Tews.
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HAVANA, May 25 (UPI) --
Cuba is reportedly sitting on vast underwater oil and gas reserves, but none came up in the latest exploration, a joint Chinese-Spanish undertaking.
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LONDON, May 25 (UPI) --
Military pilot training and training aircraft were in the news this week, with European companies reaping more than $3 billion in contracts.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
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