What we know about the new Toyota Corolla and the next-gen Lexus NX, the Lexus XLE and more
AUSTIN (AP) Toyota’s new flagship car is a $6,000, 4.2-liter V6 hybrid that has been on the market for more than a year and will be the centerpiece of a massive $2 billion investment by the automaker.
The Corolla, which is the centerpiece for Toyota’s $2.2 billion plan to build a new fleet of luxury SUVs and crossover SUVs, is a big step forward for Toyota.
The car, which was unveiled in September at the Tokyo auto show, was billed as a premium crossover with a 2.0-liter four-cylinder engine that will make 500 horsepower and 500 pound-feet of torque.
But it has many fans, including some people who believe the car is too much of a gimmick.
And it will make its debut in China next month, where the country’s automakers are competing to be the next big players.
The new Corolla is the first Toyota car with an engine with four cylinders.
The Japanese automaker said it has tested and confirmed the engine’s performance.
But critics of the new Corollas engine argue it’s too much power, and Toyota has said it will not make the engine in-house.
The Japanese automaking industry is on the cusp of becoming a world leader in electrification, with Toyota leading the way in electrifying vehicles in Europe, Japan and elsewhere.
It’s expected that Toyota will soon launch a new car powered by its electric architecture, as it does with some other electric vehicles.
The company said in September that it has made more than 1.3 billion units of its Prius, a plug-in hybrid, and has sold over 2 million units worldwide.
That’s more than the global sales of all but two automakers combined.
The sales of the Corolla are expected to make up about 10% of Toyota’s global sales, and the company is expected to generate $7 billion in new capital investment this year.
The plan for a new global luxury car fleet is also expected to add $1.8 billion to Toyota’s total global sales for the year, the company said.