TORRANCE, CA – Toyota Motor Corp. may offer hybrids able to run on fuel that’s mostly ethanol, according to the Web site Toyota is studying a flex-fuel hybrid, which would expand Toyota’s offerings of models that aren’t powered exclusively by gasoline. Toyota and Honda Motor Co. are the only large automakers in the U.S. that don’t sell vehicles able to run on E-85 – a fuel that’s 85-percent ethanol and 15-percent gasoline. Toyota said in January it would sell a flex-fuel version of its Tundra pickup truck able to run on E-85 by 2009. GM is doubling its annual output of E-85-capable vehicles to 800,000 by 2010. Ford Motor Co. and DaimlerChrysler AG have said they each will produce more than 500,000 flex-fuel vehicles by that year.