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Toyota unveils family of Prius hybrids

China's 2010 auto sales top 18 mn units
Beijing (AFP) Jan 10, 2011 - Auto sales in China rose more than 32 percent in 2010 to 18.06 million units, an industry group said Monday -- a new record for the world's largest car market. Sales in December rose 17.9 percent from a year earlier to 1.67 million units, the China Association of Automobile Manufacturers (CAAM) said in a statement. China overtook the United States in 2009 to become the world's largest car market and is a key market for foreign manufacturers. GM, Ford and Volkswagen all posted record sales in the country last year. "The strong growth... was due to both policy incentives and frontloaded consumption as consumers were concerned about the withdrawal of policies," CAAM said.

Beijing introduced stimulus policies aimed at supporting the auto market during the global financial crisis. Consumers worried authorities would scrap these measures this year snapped up cars in 2010. CAAM forecast sales and production would grow at a steadier pace in 2011, by between 10 and 15 percent, after the government raised the purchase tax for small cars to 10 percent and Beijing slashed the number of new registrations allowed in the capital this year. But analysts said the policy changes would have a limited impact on overall car sales, with demand in second and third-tier cities expected to continue growing strongly. "Car ownership per 100 families is around 30 to 40 in Beijing but the national average is only around 12," said Chen Yin, a Shanghai-based analyst with investment consulting firm CEBM Group.

"That is not going to change the trend of growing demand for cars in China given the low ratio of car ownership... and increasing income level. The growth rate for 2011 will reach 10 percent." US auto giant General Motors said its sales in China increased 28.8 percent year-on-year in 2010 to a new annual record of 2.35 million vehicles. Its manufacturing joint ventures and major brands all set new annual sales marks, the company said earlier this month. Volkswagen said its sales soared 37 percent year-on-year in 2010 to an annual record of more than 1.9 million cars.

Beijing announced last month that only 240,000 new number plates will be issued in the capital this year, compared with the record 800,000 automobiles that took to the streets of the city last year. The new system is aimed at easing pollution and chronic gridlock that often turns parts of the capital into parking lots. But Chen remained optimistic about the Beijing market, saying: "We do not see the new policy eliminating people's intention to buy new cars." Other major cities are introducing measures to deal with worsening traffic snarls as a growing number of people buy their slice of the middle-class dream. In the southern city of Guangzhou, authorities are trying to reduce traffic by ordering cars off the roads based on the last digit of the licence plate.
by Staff Writers
Detroit, Michigan (AFP) Jan 10, 2011
Toyota unveiled new siblings for its popular Prius hybrid Monday, introducing a brand new midsized wagon, a plug-in, and a compact Prius at the Detroit auto show.

The family was launched as Toyota struggles to rebuild its once-stellar reputation after it was rocked by a series of mass recalls and its top executives were raked over the coals at congressional hearings for failing to report the deadly defects sooner.

Akio Toyoda, the Japanese automaker's president and grandson of its founder, was on hand Monday to unveil the new Prius line and underline Toyota's commitment to safety and quality.

"We are honored and humbled that Toyota was the number one retail brand in the US last year, regaining the highest consideration among consumers, he told reporters.

"These achievements during a difficult year were made possible through the outstanding efforts of Toyota associates, dealers, and suppliers, and the support of loyal customers all across America."

"We intend to continue to earn that customer loyalty with even greater dedication to quality, safety, and customer care."

The new vehicles are part of the Japanese automaker's strategy to introduce seven entirely new hybrids, and four updated ones, to its global lineup over the next two years.

Toyota will also introduce a fully-electric vehicle in 2012 and a hydrogen fuel cell powered by 2015.

"I've got to tell you, with gas prices heading toward four dollars a gallon and Prius sales rising I'm really glad this new family is coming," said Bob Carter, Toyota Division group vice president and general manager.

But some analysts question whether American consumers are willing to pay a premium for hybrids or electric cars or trade in the comfort and roominess of their sport utility vehicles for a compact car.

"There's a big disconnect between what fuel economy standards from the government are pushing onto the market and what consumers are asking for," said Rebecca Lindland, an analyst with IHS Automotive.

Hybrid auto sales fell last year to 2.4 percent of the US market from 2.8 percent in 2009, according to Autodata.

The Prius v wagon will reach US showrooms this summer while the plug-in and compact models are scheduled for release in early 2012.

A slightly larger version of the original Prius, the Prius v offers 50 percent more cargo space and the best fuel economy rating of any sport utility vehicle or wagon on the market, Carter said.

The plug-in Prius will be able to drive 13 miles (21 kilometers) on electric power before switching over to its fuel-efficient gasoline powered engine.

That's a significantly shorter range than the 40 miles (64 kilometers) of pure electric achieved by General Motors's flag-ship plug-in hybrid Chevy Volt, which hit showrooms last month.

But Carter said the smaller battery pack allows for a lower price, better fuel economy in hybrid mode because of less weight, and a faster recharge.

Carter said Toyota expects to sell between 12,000 and 20,000 plug-in Prius vehicles in the first 12 months of sales.

GM said recently it is boosting production to 45,000 Volts from the originally scheduled 30,000 vehicles due to strong demand.

The compact Prius c will come in at a much lower price than the midsized original and will be targeted at younger buyers.

Toyota has sold more than 955,000 Prius vehicles since it was introduced in 2000.



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CAR TECH
Beijing car plates oversubscribed by 10 times
Beijing (AFP) Jan 9, 2011
Over 215,000 people applied for car licences in Beijing this month, but only 20,000 will be issued as the capital seeks to curb its massive traffic jams, state press said Sunday. Under a new system aimed at controlling the number of cars on Beijing streets that began this year, applicants must apply in the first eight days of the month for the 20,000 available plates issued monthly. Acco ... read more







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