Toyota Will Keep Building Gas-Powered Performance Cars, Racing Boss Says

BMW Just Unveiled a Stunning New Open-Top Concept Inspired by the Legendary Z8that his team will build cars with internal combustion engines as long as possible. He also seems to have no interest in building an EV anytime soon.BMW Just Unveiled a Stunning New Open-Top Concept Inspired by the Legendary Z8, back off previously announced plans to go all-electric by the end of the decade.

The executive’s quotes are sure to be well received by the sort of enthusiasts who feel a vehicle must be solely gas-powered to qualify as a sports car. His words will be less of a comfort,that Toyota showed off last fall. That EV, which sports a design heavily indebted to the beloved MR2, was said to feature a dual-motor powertrain potent enough to compete with Porsche’s.

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Toyota racks up booming profit, vows to invest to keep growth goingToyota has reported that its profit for the fiscal year that ended in March doubled over a year earlier, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota said Wednesday that its profit in the last fiscal year totaled 4.9 trillion yen, or $31.9 billion, while sales jumped 21%.
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