Toyota May Raise Prius, Luxury Vehicle Prices in Japan

Jiji Press reported that Toyota Motor Corp. is considering raising prices in Japan of its Prius gasoline-electric hybrid car and luxury models, company officials said.The Japanese auto industry leader is expected to raise prices by one to 3 pct on average due to soaring costs of raw materials such as steel, informed sources said.The company is likely to make a final decision as early as August