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Toyota shelves the futuristic Lexus sedan

ArenaEV
The global auto market is forcing even the largest automakers to hit the brakes and rethink their billion-dollar EV investments. In a major shift, Toyota Motor Corporation confirmed it has canceled plans for a next-generation battery-powered luxury sedan under its Lexus brand. The vehicle, which was designed to challenge premium rivals like the new BMW i3 sedan, will no longer… Read more…