Takara Co. Ltd. is stepping out of the box, joining the ranks of fellow Japanese companies Toyota Motor Corp. and Honda Motor Co. Ltd. in producing automobiles. Takara, Japan’s No.3 toy maker, is hoping to create an entirely new segment with its 2010 sports car and Modern Times 2-seat electric vehicles. An 8-hour chargeable battery powers the vehicles, which can be driven on the road and have a top speed of 37 mph (60 km) and a 50-mile (80-km) range on a single charge. A Takara executive ...

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