Tech Business
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Written by Gizmo
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Tuesday, 28 July 2009 10:20 |
By Kevin Krolicki and Jui Chakravorty, Reuters
Toyota Motor Corp, likely to claim the
title of world's biggest automaker later this month from General Motors
Corp, on Monday threw down the gauntlet to GM in a race for the next
"green" car.
In the process, Toyota — the world leader in popular
gas-electric hybrids like the Prius sedan — may have short-circuited
GM's year-old effort to bring the first "plug in" electric cars to
market.
"We welcome competition because that is
how new technology is developed for consumers," Toyota President
Katsuaki Watanabe told reporters at the Detroit Auto Show Monday. "But
we don't want to lose."
Watanabe announced that Toyota will market a test fleet of
rechargeable hybrid vehicles to companies or government agencies by the
end of 2010.
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