From Fortune May 28:
While many automakers predicted a looming all-EV future, Toyota made gains by emphasizing hybrids over fully electric vehicles—a move that earned it derision before being vindicated over the past year as EV sales sputtered. Now it’s now doubling down with a new take on the traditional car engine.
The world’s largest carmaker said Tuesday that it would develop smaller internal combustion engines that are more optimized for hybrid vehicles and can accept alternative fuels such as biofuels, liquid hydrogen, and synthetic e-fuels in an effort to cut down on emissions. The CEOs of Subaru and Mazda also vowed to produce new engines, they said in a press conference with Toyota CEO Koji Sato Tuesday.
The new engines, although still mostly gas-powered, will allow for more compact and efficient vehicles that get better gas mileage as part of a decarbonization effort that treats “carbon as the enemy,” according to a Tuesday press release.
Sato said that, while the auto industry is focused on battery-powered vehicles, there is still room for improved combustion engines....
....MUCH MORE
Here's the last year of price action for Toyota and the S&P 500 via BigCharts:
note the eight-point price gap February between ~$203 at the close on the 5th and the opening price of $211.30 on the 6th.
$214.17 down $4.55 (−2.08%) last.
