Toyota unveils compact hybrid concept in Detroit

Thursday, Jan 14, 2010
AsiaOne, AFP

DETROIT, Michigan - Toyota unveiled a compact hybrid concept car at the North American Auto Show, aiming to capitalize on its popular Prius and growing interest in gasoline-electric vehicles.

The FT-CH concept car is aimed at Toyota's strategy "to offer a wider variety of conventional hybrid choices to its customers," as it begins to introduce plug-in hybrids and battery-powered vehicles in global markets, the company said.

"Within the next 10 to 20 years, we will not only reach peak oil we will enter a period where demand for all liquid fuels will exceed supply," said Jim Lentz, president of Toyota's US unit.

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