Toyota Delays Prius Deliveries (HMC) (TM)

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Toyota Motor Corp. (TM) revealed that deliveries of the latest version of its popular gas-electric hybrid, Prius, will be delayed by a year due to a shortage in supply of batteries on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies’ plants. The revamped version, Prius Alpha, had been initially set for launch in April this year.

Prius Alpha will be sold in both 5-seater and 7-seater versions. The 5-seater version will be sold in North America as Prius V in a year while the other version will be offered in Europe as Prius+ in mid-2012.

Prius V, priced at

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