Toyota chief makes rare call for change

Toyota chief makes rare call for change

Cho also unveiled some ambitious business targets. He said Toyota would increase global sales of hybrid cars to 300,000 units a year by 2005, five times the 2003 level.

Toyota sold 53,000 hybrids worldwide in 2003 and 62,000 units in the first six months of this year. The company intends to raise output of the Prius, its main hybrid model, by 50 per cent per cent from the first half of next year, he said.

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Jeff