Toyota bets on new line of combustion engines in challenge to Tesla

Toyota bets on new line of combustion engines in challenge to Tesla

Toyota 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 and other electric-vehicle makers.

In a rare joint appearance, the heads of Toyota, Mazda and Subaru pledged to continue investing in fuel-based technology.

Mazda and Subaru, both part-owned by Toyota, also unveiled prototype engines on Tuesday.