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SMALL BUSINESS
Prius top-selling car in Japan for sixth month
AP
TOKYO -Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an industry group said Friday.
Toyota Motor Corp., the world's biggest automaker, sold 26,918 Prius cars last month, according to the Japan Automobile Dealers Association. That was a big jump from 6,341 Prius cars sold in October last year.
Surging demand for the Prius helped Toyota post a surprise profit Thursday.
The Japanese auto giant posted better-than-expected net income of 21.8 billion yen ($242 million) for the July-September period after three straight losing quarters. The company also halved its expected loss for the fiscal year.
Honda Motor Co.'s Fit compact was No. 2 in October with 15,444 units sold, the association said. Although the Fit isn't a hybrid, it still qualifies for tax breaks because it's fuel-efficient.
Toyota's Vitz subcompact, marketed overseas as the Yaris, came in third last month. Honda's Insight hybrid — a direct competitor with Toyota's Prius — was ninth.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-06 01:19:22
COMMENTS ( 10 )
LegalCLD
10:05AM Jun 19 2009
How is this not protectionisum? If the US would try something like this they'd be accused of protectionisum!!! Not like our government cares about protecting the US worker! Funny how when obama was campanging it was common sense, now that he's ************** protectionisum!!!
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Lotek7
9:35AM Jun 19 2009
American companies could be selling cars like this but nooooooooo.......they wanted to make big gas guzzlers and force them down consumers' throats.Now we have to bail them out?What is wrong with this picture?
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GOPDAMAGE
8:45AM Jun 19 2009
A typical redneck drinks Budweiser only, drives a beat-up Chevy with a Rush Limbaugh bumper sticker, beats his wife, and is a racist.
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FerAndr4
8:02AM Jun 19 2009
Toyota cars----the most over-rated vehicles on the market
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lilalola09
7:04AM Jun 19 2009
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