Toyota (TM) has unveiled plans for a new generation of internal combustion engines, betting on a continued need for older technologies even as car buyers shift towards Tesla (TSLA) and other electric-vehicle makers, The Financial Times’ David Keohane and Kana Inagaki report. “In an era when the development of battery electric vehicle technology is accelerating, there is a new role we can pursue for the internal combustion engine as well,” Toyota CEO Koji Sato said, noting that the engines are designed to be used alongside batteries in hybrid vehicles.
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