Toyota Motor Co. President Katsuaki Watanabe unveils the $124,000 Lexus LS600h -- the world's first hybrid system combining a V-8 gasoline engine and a motor with a full-time, all-wheel-drive power train.

Toyota Motor Corp., which has just overtaken General Motors Corp. to become the world's No. 1 automaker, reported annual record profits of $13.8 billion and forecast a slight, further increase in earnings for the current year.