Toyota Prius to be Built in US by 2015

Toyota Prius to be Built in US by 2015

With the family of Prius models growing, Toyota is hoping to have production in the U.S. by the time the next-generation Prius model hits the streets in 2015.

The Japanese automaker is currently working on sourcing hybrid drivetrain components in North America in hopes of having a American-based production to help offset foreign exchange losses from importing the Prius models from Japan. Toyota forecasts Prius sales to hit 200,000 units a year in North America by 2015, but that volume is already on track to be achieved this year.

The fourth-generation Prius is expected to make its production debut by 2015 at which time Toyota hopes to be up and running in the States with Prius production. The next-generation Prius is expected to still utilize nickel-metal hydride batteries.

In the first quarter of 2012, Toyota sold 60,859 Prius models from its entire family (V, C, plug-in) which represented a 42 percent increase over last year’s 42,779.

[Source: Automotive News]