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May 17, 2007
Toyota's commitment to hybrid automobiles was on full display today when it unveiled in Tokyo its most expensive gasoline-electric vehicle yet - the $124,000 luxury Lexus LS sedan, according to the Associated Press.
Executives at Japan's No. 1 automaker are fully convinced that hybrid cars are the way of the future. And they're betting that growing consumer concern about the environment - and higher gas prices - will lure even wealthy buyers to the new model, which went on sale Thursday in Japan and will arrive later elsewhere.
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