Toyota to Launch Hybrid Camry
Toyota Motor Corp. announced October 30 plans to release in North America in 2006 a hybrid version of the Camry, according to Japanese daily Yomiuri Shimbun. Toyota hopes to sell tens of thousands of the cars in the first year, aiming to dominate the hybrid car market in the United States. The nation´s top automaker hopes to sell 47,000 hybrid Prius cars this year and 100,000 next year, Toyota officials said. In 2003, Toyota sold about 410,000 Camrys in the United States, gaining the top sales ranking for the second consecutive year. The launch of the hybrid version of the Camry--Toyota´s most marketable car--is expected to result in a rapid increase in demand for hybrids, leading to mass production of the vehicles and reduction in their prices, the report said.
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