Toyota announced Monday that they are pushing their engineers to develop a plug-in hybrid vehicle using lithium-ion batteries before 2010. It appears they are looking to beat GM to the market, which plans to release the Chevy Volt in 2010. Toyota also once again confirmed that is planning to develop a new hybrid car for its Lexus division as well as another hybrid for its Toyota lineup. Both are expected to be unveiled at the 2009 Detroit Auto Show. Read the rest of this entry »