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Chrysler co-President Jim Press is stirring things up at his former employer, Toyota Motor Corp., by saying development of the Prius hybrid was subsidized by the Japanese government.

In a BusinessWeek story published Thursday, March 24, Press said that when he was at Toyota, “The Japanese government paid for 100 percent of the development of the battery and hybrid system that went into the Toyota Prius.”


LINK: Jim Press: Prius was 100% subsidized by Japan - AutoWeek Magazine
 
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