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Benzinga

Business

Shivani Kumaresan

Toyota Motor Debuts 2023 GR Corolla

Toyota TM NYSE Toyota Motor Corp

Toyota Motor Corp (NYSE:TM) has unveiled its first-ever 2023 GR Corolla. The all-new addition to Toyota's lineup of sports cars brings the performance, handling, and functionality that hot hatch fans like.
Powered by the lightweight, compact G16E-GTS turbo-charged, direct/port-injected three-cylinder engine, GR Corolla delivers 300 hp and 273 lb.-ft. of torque.
The G16-E engine is paired with Toyota's rally-developed GR-Four All-Wheel-Drive (AWD) drivetrain.
GR Corolla will be offered exclusively in a manual transmission, staying true to its hands-on rally racing roots.
GR Corolla will come in two grades, Core, available in later 2022, and Circuit Edition, a limited-run model available in 2023.
The pricing of the car will be disclosed later in 2022.
Price Action: TM shares closed lower by 0.20% at $180.25 on Thursday.

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