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Toyota commits $70 bln to bolster electrification

TOKYO, Dec 14 - Toyota Motor Corp on Tuesday committed 8 trillion yen to electrify its automobiles by 2030, half of it to develop a battery electric vehicle line-up, as it looks to tap a growing market for zero-emission cars.Toyota's announcement comes as traditional automobile firms increasingly take on Tesla Inc, which has become the most valuable carmaker this year. Tesla's market value reached over $1 trillion in October, surpassing the combined value of Toyota, VW, Daimler AG, Ford Motor
Toyota commits $70 bln to bolster electrification

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