Toyota To Build More Hybrids
July 10, 2008
Toyota Motor Company announced today that it would suspend production of its full sized trucks and open a new assembly plant for its Prius hybrid in the US. Sales at Toyota have slipped 6 percent this year, as rising gas prices have lowered demand for SUVs and trucks. To clear inventory, Toyota said it would suspend production of its Sequoia SUV and Tundra pickup truck for three months beginning in early August.