Toyota: $1.3 billion for a new electric SUV | Car News

Toyota may not be the most aggressive when it comes to electrification, but it’s not wearing blinders either. The auto giant is well aware that certain EV segments are likely to be highly coveted over the next few years.

The Japanese automaker announced yesterday that it will be investing $1.3 billion in its American plant in Kentucky, in order to assemble a three-row electric SUV. 2024 Toyota BZ4 Photo: Toyota The new investment comes on top of what Toyota has already announced for its Kentucky plant, where electrification is becoming increasingly important. In all, Toyota has poured some $10 Billion in investments into the facility in recent years.

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2024 Genesis G70, electric Lamborghinis, 2025 Porsche Taycan: Car News HeadlinesWe drove the updated 2024 Genesis G70 and found it remains an athletic, fun, compact luxury sport sedan. The standard all-season Michelin tires and lack of a limited-slip differential in back make it hard to put the power down in certain situations, but this car remains a strong value.
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Chrysler to unveil electric concept on February 13 | Car NewsOn February 13, Chrysler will unveil an electric concept, one likely inspired by the Airflow design study presented in 2022. Auto123 has more.
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