Toyota Motor Corporation (NYSE:TM) has plans to bring hydrogen powered cars in Europe by 2015.

Toyota Motor Corporation (NYSE:TM) To Launch Hydrogen Cars In Europe

The largest car maker Toyota Motor Corporation (NYSE:TM) announced that the company is expecting to sell zero-emission hydrogen-powered cars in Europe by 2015.

Since the technology is new and the expense for production is currently high, the price of the car will be very high and the production will be limited.

Alain Uyttenhoven, Toyota Motor Corporation (NYSE:TM)’s vice president for product planning and marketing, said, “We see pure battery-powered vehicles to be just a solution for small trips in the city, while a plug-in gasoline-electric hybrid is the best solution both for weekday urban commuting and weekend trips”.

Toyota Motor Company (NYSE:TM) shares were at 65.48 at the end of the last day’s trading. There’s been a -15.8% change in the stock price over the past 3 months.

Toyota Motor Company (NYSE:TM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 3
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 3
Zack’s Rank: 7 out of 13 in the industry