Toyota Motor North America Inc.’s top executive says the auto maker is pursuing plug-in hybrid/electric vehicles (PHEVs) and is considering a line of vehicles that run on ethanol-based fuels. Jim Press, president of Toyota Motor Corp.’s New York-based North American holding company, tells the National Press Club in Washington this week that PHEVs are capable of traveling greater distances than traditional HEVs before switching over to the gasoline engine, thus saving additional fuel. A ...
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