Toyota to build Prius in U.S., slash truck output (Reuters)

Toyota Motor Corp said on Thursday it would start building its Prius hybrid in the United States in 2010 and suspend production of slow-selling big trucks for three months in a sharp reversal of strategy forced by slumping sales and high gas prices. Toyota, which has faced widening shortages of fuel- efficient small cars in recent months, will start building its top-selling hybrid at a new Mississippi plant, originally scheduled to produce the Highlander sport utility vehicle . The unusual and costly moves by Toyota, now the global auto sales leader, underscored the pressure across the industry as major automakers scuttle truck production and take steps to ramp up output of passenger cars to keep up with a dramatic shift in U.S. buying patterns.

Full Story: Toyota to build Prius in U.S., slash truck output (Reuters)

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