Toyota denies reports of building Prius in a joint venture with GM

A Japanese newspaper reported Friday that Toyota was in talks with GM to produce its Prius Hybrid, currently made in only Japan and China, at joint venture plant in the U.S. Toyota later responded to the report saying that nothing had been decided yet on using its Fremont, California facility with GM to produce the Prius.

The newspaper, Tokyo Shimbun, did not cite any sources and said that adding another production facility for the Prius will help Toyota boos sales and reach its goal to sell 1 million hybrids a year by 2010.

Toyota just recently completed 1 million worldwide sales of the Prius after a decade, making it the most popular gas-electric hybrid in the world.

The NUMMI, New United Motor Manufacturing Inc., plant was set up in 1984 in Fremont, California and produces the Corolla and other subcompact Toyota models.

Source: Detroit News