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Wednesday, April 6, 2011

Toyota Sells Its Millionth Prius In The U.S.

Toyota Sells Its Millionth Prius In The U.S.



Toyota Motor Co (NYSE:TM) announced today it has sold its 1 millionth Prius hybrid in the United States. The company has sold more than 2 million in total across the globe over the last decade, including the U.S.

The car-maker said the Prius has been the top selling hybrid in the U.S. since it began selling 11 years ago.

The Prius is powered by both a gasoline engine and an electric motor, and can get up to 51 miles per gallon in the city and 48 mpg on the highway.

The car has become increasingly popular as gas prices have gone up. Sales in Japan tripled in 2009, becoming the country's best selling car and overtaking the U.S. as the largest market for the vehicle.

Shares of Toyota Motor are trading down 0.58% at $77.18.

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