http://www.nyse.com/interface/jsp/NHDetail...isdowjones=trueQUOTE
Toyota Motor Corp. is delaying release of new models of hybrid cars because of safety concerns with new lithium-ion battery technology, according to a media report Wednesday.
Toyota's release of a new Prius using lithium-ion batteries, originally scheduled for late 2008, has been pushed back to early 2009, and the car will now include a traditional nickel-metal-hydride battery, The Wall Street Journal reported in its online edition, citing unnamed people familiar with the company.
The first Toyota hybrids with lithium-ion batteries are now not expected to be released in the U.S. until 2011, the report said.
Toyota hybrid cars currently use nickel-metal-hydride battery technology, the Journal said.
Toyota had been counting on the new lithium-ion technology to make its hybrid cars, already known for high gas mileage, even more fuel-efficient.
IMO, this is a very smart move on Toyota's part. As great as the lithium-ion battery technology sounds, its better to dealy the introduction of the new hybrids and make sure they are safe cars than to rush them to market and potentially have a huge safety recall.
(IMG:
style_emoticons/default/s12.gif)