Toyota (NYSE: TM) will launch a new hybrid-only vehicle model in Japan in December, according to a Reuters report.
The sedan, called the Sai, is a redesigned version of the company’s Lexus HS250h hybrid. It will be priced above the Prius hybrid at a base price of 3.38 million yen ($37,290).
The company also intends to begin selling the Prius model in South Korea, where it will compete with offerings from Hyundai.
Honda (NYSE: HMC) reportedly is considering developing plug-in electric vehicles for United States, Europe and Japan, because the company’s bid to skip ahead to hydrogen-fueled cars is being slowed by lack of fueling infrastructure.
Read the full report at the link below.
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