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Toshiba to Develop New Hybrid Vehicle Production Line.

Reuters recently reported that Toshiba Corporation spokesperson Junichi Nagaki has revealed that the company plans to invest 10 billion yen (approximately $95 million) in the development of a hybrid vehicle production line at its facility in Hyogo Prefecture by April 1.

According to Reuters, Nagaki also revealed that Toshiba is currently negotiating with Toyota Motor Corporation to purchase the company's hybrid vehicle microchip technology.

"We are currently in negotiations with Toyota," said Nagaki. "No contract has been signed, but we are at the final stages of talks."

(REUTERS: 2/14)
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Title Annotation:Toshiba Corporation
Publication:Electric and Hybrid Vehicles Today
Article Type:Brief Article
Geographic Code:4EUUK
Date:Feb 16, 2005
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