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Toyota denies decision on Prius plant in U.S.

Report: Automaker in talks with GM about using Calif. factory


TOKYO – Toyota said Friday that nothing had been decided yet on using its California joint venture plant with General Motors to produce its Prius hybrid


The newspaper, which did not cite sources as is common in Japanese media reports, said that adding another production plant will help boost Toyota hybrid sales.


Toyota is hoping to sell 1 million hybrids a year sometime after 2010. Toyota took a decade before recently reaching cumulative sales of 1 million for the Prius, the world’s first mass produced gas-electric hybrid.


Hybrids, which save on gas by switching between a gasoline engine and electric motor, are growing increasingly popular because of soaring gas prices and growing fears about global warming.


AP



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