How to build your own Toyota Camry for less than $2,000
Toyota Motor Corp. said Thursday that it plans to release the first of a new range of small, affordable Toyota Camrys this year.
The company will release a new, small, economical version of the $8,995 sedan later this year, Toyota said.
The first car, called the Camry Mini, will be released in 2021.
The new model is priced at about $2.50 less than the existing Camry, but it will be smaller, lighter and offer more fuel economy.
The new Camry is expected to have more cargo space than the current model, and will have fewer moving parts.
The first car will feature a 2.0-liter turbocharged engine that produces 295 horsepower and 295 lb-ft of torque, according to Toyota.
The engine has an additional six-speed manual transmission and a more powerful electric motor that produces 268 horsepower and 259 lb-t of torque.
The powertrain is expected the same as the current generation, the company said.
Toyota’s new Camrys will be built at the company’s U.S. production facilities in Chattanooga, Tenn., and Austin, Texas.
The company also plans to add another factory in Ohio, the automaker said.
The automaker also said it will start production of its new Camrynker minivan in 2021, which it hopes will become the companys best-selling SUV.
The compact SUV is expected sell for about $10,000 and will come with a four-wheel-drive option.
Toyotas sales of the Toyota Camrynkers are expected to be more than 1.4 million in 2020, up from 1.2 million in 2017, according the automakers.
The biggest change from previous versions of the vehicle was the addition of a front seat, and Toyota is using that as a selling point for the new model, which Toyota said will include a rear-facing sunroof and front air conditioning.
The car will come in four-door and four-seater variants, Toyota added.