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Toyota (NYSE:TM) says it will downshift its strategy on new electric minicars, noting it doesn't...

Sep. 24, 2012 6:57 AM ETToyota Motor Corporation (TM) StockTMBy: Clark Schultz, SA News Editor
Toyota (NYSE:TM) says it will downshift its strategy on new electric minicars, noting it doesn't forecast a strong market for pure EVs. The decision to de-emphasize the eQ model leaves Toyota with just a single all-electric vehicle in its lineup that will be sold on a widespread basis. (Earlier: Toyota plans 21 hybrids for next three years)

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