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Smartphones Control Smart Homes at Asia Tech Fair

Homes where every device is linked up and can be controlled by smartphone were touted in Japan on Tuesday when Asia's biggest tech fair threw open its doors.

Manufacturers said more and more items -- from ovens to cars -- were now able to integrate thanks to better wireless technology, offering convenience and the chance to save energy.

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Toyota to Release More Hybrid Cars, New Electric Model

Auto giant Toyota on Monday unveiled plans to unveil 21 new hybrid models and launch its latest all-electric vehicle this year in a bid to ramp up sales of environmentally friendly cars.

The firm said it would release the new autos models by the end of 2015 and "expects global sales of its hybrid vehicles to be at least one million units a year from 2013 to 2015".

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Toyota Expands Controversial Recall to Two New Models

Toyota on Friday added two models to a controversial 2009 recall launched after floor mats became trapped under the accelerator and were linked to dozens of deaths.

Toyota's mishandling of the initial problem and other reports of sudden, unintended acceleration led to the recall of more than 12 million vehicles worldwide, a U.S. congressional probe, more than $50 million in fines from U.S. regulators and public apologies by its chief.

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Davidson's Toyota in Spectacular Le Mans Crash

British driver Anthony Davidson was involved in a spectacular crash at the Le Mans 24 Hour Race on Saturday when his Toyota collided with a Ferrari, the clash sending his car airborne.

The incident happened in the fifth hour of the famed endurance race at Mulsanne Corner as Davidson's Toyota was clipped by the Ferrari of Piergiuseppe Perazzini.

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U.S. Auto Sales Rise 20% in May

With Toyota and Honda leading the way, U.S. car sales rose by more than 20 percent in May from a year ago, juiced up by increased incentives amid a slow U.S. economy, industry figures showed Friday.

In total, 1.33 million new cars and trucks were sold in the United States last month, according to market researcher Autodata.

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Toyota Making Eight New Models for Emerging Markets

Toyota said Friday it would roll out a number of new compact cars priced around $12,500 in developing nations, targeting sales of more than one million of the models annually in emerging markets by 2015.

Japan's biggest automaker said it would make eight new cars at plants in Thailand, Indonesia, India and Brazil, priced at "about 1.0 million yen ($12,500) or more."

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Toyota Unveils 'First All-Electric SUV' on the Market

Toyota unveiled Monday what it says is the first all-electric sports utility vehicle (SUV) on the market, a version of its popular RAV4 with a top range of 100 miles and minimum six-hour charge time.

The car will be sold initially only in California with a base price of $49,800, and the Japanese car company hopes to sell a relatively modest 2,600 units over the next three years.

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Ford, GM Sales Skid as Chrysler, Toyota Accelerate

General Motors and Ford saw their U.S. sales skid in April as rivals Chrysler, Toyota and Volkswagen posted strong gains, industry data showed Tuesday.

Total industry sales rose 2.3 percent from a year ago, while the sales pace was unchanged from March at a seasonally adjusted, annualized rate of 14.4 million vehicles, according to Autodata.

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Toyota Eyes Canadian Rare Earth Minerals

Toyota announced on Tuesday plans for a joint venture with a Canadian junior mining company to speed up the development of a rare earth elements mine in Quebec to supply Toyota hybrid and electric vehicles.

The Japanese auto maker said it has signed a non-binding memorandum of understanding with Montreal-based Matamec Explorations Inc. to collaborate to "fast track the development" of Matamec's Kipawa heavy rare earths deposit.

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Toyota Cuts Full-Year Profit Forecast by 54%

Toyota slashed its full-year net profit forecast on Friday by more than half as Japan's biggest automaker grapples with a strong yen, the impact of the March earthquake and record flooding in Thailand.

The company cut its profit outlook to 180 billion yen ($2.3 billion), well down from its August estimate of a 390 billion yen net profit, which was pared after the Thai floods forced plant closures and caused supply-chain problems.

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