Toyota halts U.S. Prius project
December 15, 2008 - 2:10 pm ET
NASHVILLE -- Toyota Motor Corp., with its sales plunging in the United States, is freezing its plan to build the Toyota Prius in a new plant near Tupelo, Miss. For how long? The automaker doesn't know.
Sales of the hybrid car have softened in recent weeks as gasoline prices dropped from a summer spike of more than $4 a gallon. The Prius sold 8,660 units in November, down from 16,737 in November 2007.
Total Toyota sales in the United States fell 32 percent in November.