Toyota accelerating U.S. minicar launch

Record oil prices and an overall decline in sales of large vehicles have led to a paradigm shift by carmakers towards development of new entry-level minicars. So far most of the action has been in Europe and Japan where fuel prices are among the highest in the world but now officials at industry giant Toyota are considering whether the U.S. is ready for the fuel-efficient, pint-sized minicars.

According to new reports, Toyota is evaluating whether it should develop smaller models for the U.S. market as it has done for Europe with its recent iQ minicar concept.
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