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TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp. (7203.T: Quote, Profile, Research expects to cut costs for hybrid cars enough to be able to make as much money on them as it does on conventional gasoline cars by around 2010, a top executive said on Thursday.
Toyota likely achieved cumulative hybrid sales of one million units this month, having moved 998,900 by the end of April.
In 2006, it sold 313,000 units, accounting for the majority of the world's hybrid cars, and aims to lift that to 430,000 units this year with ramped-up production of the popular Prius.
Source: Reuters
