Toyota to launch hybrid compact in 2011 - media

TOKYO, July 28 (Reuters) - Japan's Toyota Motor Corp (7203.T) plans to launch a hybrid compact for around 1.5 million yen ($15,760) in Japan in late 2011, broadening its hybrid car line-up, the Asahi newspaper reported on Tuesday.

The new hybrid-only model will use the platform and engine of the Yaris compact, which will be fully remodelled ahead of the new hybrid's launch, and feature a more cost competitive and fuel-efficient hybrid system than that of the Prius, the daily said.

Toyota may produce the new hybrid not only in Japan but also in France for sales in Europe, the Asahi said. (Reporting by Yumiko Nishitani)