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Automobiles
Unusual decision comes as new president puts high priority on profitability
Lexus’s “LF-ZC” is displayed in Tokyo, Japan on Oct. 25, 2023. (Photo by Yuki Nakao)
NAGOYA, Japan — Toyota Motor may incur huge costs to partially compensate for losses on the part of suppliers affected by its unusual decision to cancel a plan to develop a flagship electric vehicle.
