TOKYO, JAPAN - Toyota Motor Corp will offer zero-interest loans on its new cars across Europe to revive sagging sales, the Nikkei business daily reported on Monday.

The world's No.1 car maker, which launched zero-interst loans in the United States in October, will likely use the scheme in Europe, especially to promote the sales of models to be replaced soon by new products, the paper said.

The newspaper cited Tadashi Arashima, president of Toyota Motor Europe but said he did not reveal further details.

(Reporting by Yumiko Nishitani; Editing by Rodney Joyce)