Toyota announced today that they will build a small hybrid car in France, apparently based on the Yaris compact. Toyota already builds the Auris hatchback in Europe, which is available with a hybrid system.
In a statement released by the company, the Japanese manufacturer said “This decision fits in Toyota’s strategy to extend the full hybrid technology to an increasing number of models.” Honda is expected to unveil a hybrid version of the Fit subcompact, that would directly compete with the new Toyota model.
The new model Over 300,000 Toyota and Lexus hybrids have been sold in Europe over the past decade. The plant will get a $70 million investment as part of the hybrid production plans. Toyota is aiming to have a hybrid model of each car in its lineup by 2020.
[Source: Automotive News]