TORRANCE, CA - Lexus will increase the number of hybrids it builds, a senior executive said today, as Toyota's luxury division hopes to increase annual sales by 100,000 or more overall, according to the Detroit News.

"Yes, there will be more hybrids in the Lexus lineup," said James H. Colon, vice president for sales and dealer development at a meeting of auto reporters here.

Lexus currently offers three hybrids, including two sedans and an SUV.

Originally posted on Fleet Financials