Hybrids: All Hype or Hip?
By
Associated Press
Published: Mon, May 12, 2008 - 7:17 am
Last Updated: Mon, May 12, 2008 - 7:23 am
Last Updated: Mon, May 12, 2008 - 7:23 am
assembly plant in Mississippi are being delayed by worries about
slumping American auto sales and a broader U.S. economic slowdown.
The vehicle assembly plant being built in Blue Springs was
initially to be up and running by late 2009 or early 2010.
But Toyota Executive Vice President Mitsuo ######### says that
has now been pushed back to mid-2010 after Toyota reviewed the
plans and considered the signs of a slowdown in the U.S. market
following the subprime mortgage crisis.
Toyota had been on a roll with its offerings of small cars and
gas-electric hybrids amid soaring oil prices.
But Toyota is seeing trouble signs in months ahead because of an
expected decline in U.S. sales and a weak dollar that will erode
the value of its overseas earnings.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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