Toyota Hybrid Battery Outpaced by Demand

June 16, 2008 6:43:55 AM PDT
Toyota is having a hard time meeting the booming demand for hybrid vehicles. A senior executive says it can't make the batteries for the fuel-efficient cars fast enough. Production of the new batteries can't be increased until next year, which means the slowdown is likely to last all year.

Hybrids, including Toyota's top-seller Prius, offer better mileage than comparable regular cars by switching between a gas engine and an electric motor. Rising oil prices have the car in high demand, and Toyota sells more hybrids than any other maker.