Toyota's vice chairman told reporters in a press conference that Toyota was planning to release 21 new or full-model-change hybrids, Read writes.
Hybrid trucks joint venture would create an engine for Ford and Toyota pickups. A new engine for hybrid trucks is still at least three years away.
Gas prices could hurt the auto industry. It is banking on hybrids and other 'green' cars to buffer the blow from a further rise in gas prices.
Toyota announced Wednesday that it would be adding about four weeks to the time it spends developing new vehicles, so that it can conduct more quality checks before introducing them to the public.