Toyota shifts gears to lift Prius' prospects in China

In China, the Prius costs as much as an entry-level Audi because of taxes on imported components and the lack of government subsidies.

By:

Ma Jie Craig Trudell Yuki Hagiwara

April 22, 2014 05:00 AM

BEIJING -- Toyota Motor Corp.'s Prius hybrid is the best-selling gasoline-electric vehicle in the world. In China, it's about as rare as the endangered giant panda.

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