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Toyota sticks with hybrid plans

Published 01/08/2019, 10:02 AM
© Reuters.  Toyota sticks with hybrid plans
TM
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  • Toyota (TM +1.2%) still has big plans for its portfolio of hybrid vehicles.
  • "We are working on an entire portfolio of hybrids which we have been selling since 1997, plug-in hybrids, full battery electric vehicles as well as our fuel cell vehicles," notes Toyota sales VP Bob Carter.
  • Carter says the category repped about 9% of sales last year, a mark the automaker hopes to improve to 15% by 2020.
  • Toyota's hybrid sales in the U.S. fell 5% last year, slightly better than 6% drop across the hybrid industry.
  • Now read: Ford's Sales Mix Driving Profits And Dividend Despite Sales Slump Continuing In December


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