Toyota Motor Corp. plans to launch a hybrid vehicle that is cheaper and more fuel efficient than the Toyota Prius as early as 2011, a Japanese newspaper reported today.
The vehicle would be priced around 1.5 million yen ($15,650) and deliver 94 mpg, the Yomiuri Shimbun newspaper said, without revealing how it got the information.
The car will share key parts with the Toyota's Yaris and will get double the fuel economy of the Yaris, the report said. It will be sold in the United States, Japan and Europe.
2009 Frankfurt Auto Show Photo Gallery
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