Toyota Motor Corp. unveiled a concept for a Lexus supercar that’s fully electric - a surprising twist for the long-awaited successor to its legendary and limited edition LFA model.

The world’s biggest carmaker also debuted a high-end Gazoo Racing GT supercar and its racetrack version, the GT3, to take the mantle as its flagship sports car. The GR models from Toyota’s performance division are slated to launch in 2027 and will be powered by a new four-liter, twin-turbocharged V8 engine paired with a single electric motor, the company said Friday.

Chairman Akio Toyoda , who took a personal role in developing the Gazoo Racing models, told reporters they were born out of a sense of humiliation he felt each time he was passed by competitors at the racetrack. “Without a doubt, that feeling is w

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