The 2023 Toyota Corolla has just been introduced in Japan, with safer technology and upgraded over-the-air support. The Toyota branding has also been removed from the front to reveal the “C” badge on the front of this compact car. This JDM model will have the Toyota brand logo as well as the Corolla tag on the rear.
Although not specifically mentioned, the 1.8-liter hybrid powertrain has been tweaked to provide better fuel economy for the 1.5 and 2.0-liter (petrol) models. It also includes a better electric motor. Also, some exterior details have been tweaked and there are new body colors to choose from.
Japanese customers will be able to upgrade from an eight-inch touchscreen with wireless Apple CarPlay to a 10.5-inch infotainment system. As an additional complement to the basic front and rear parking sensors, Wi-Fi connectivity will be available.
And the pedestrians Bicycles Proactive Driving Assist has also been added to avoid being too close to parked cars. The 2023 Toyota Corolla will receive over-the-air updates to support Land of the Rising Sun features and improve safety features.
Therefore, the pre-crash safety system can detect cars coming from the left when turning right at an intersection. Current listed prices for this car are $13,700 to $20,700 for the Corolla sedan; $14,200 to $21,000 for the Touring, known as the Corolla Wagon; The Corolla hatchback will cost between $15,100 and $20,000 respectively, and there may be changes in specification.
Additional News: Geely bought 7.6% of Aston Martin’s shares
China-based Geely has bought a 7.6% stake in British-based Aston Martin. LEVC Lotus, Volvo Polestar Lynk & Co. Geely, which has invested a lot in Zeekr and Smart, has taken another step.
It is also reported that the British company’s value has increased to 654 million pounds due to the purchase of Geely, a large Chinese vehicle manufacturing company. However, it has not been confirmed how much was paid for the 7.6%. Aston Martin has been aiming to raise around £1bn since mid-July to reduce its debt. Stroll, Mercedes and PIF have raised £335 million, and now Geely’s investment has almost reached their goal. Lawrence Stroll, executive chairman of Aston Martin, he said.
“We are delighted to have successfully completed this transformational capital injection, which has significantly strengthened our financial position. Amedeo [Felisa, CEO] and leadership team and we are fully focused on unlocking the luxury brand’s significant shareholder value creation potential. We would like to thank our existing shareholders for supporting us to reach this important milestone. Yew Tree Consortium’s shareholding stands at 19% through a full rights issue and additional capital raising. We are grateful to Mercedes-Benz for their investment and the strong long-term partnership we have created. 18 shares in the company. Thanks to The Public Investment Fund, one of the world’s leading investment funds, which became a new portfolio at 7%. Finally, we would like to welcome Geely Holding, which we announced today as a shareholder.”
Currently, Aston Martin will introduce its first electric cars in 2025, and it is not yet known whether Mercedes will provide the basic architecture, powertrains, and infotainment for this. And there is still the possibility of a surprising collaboration between the American EV company Lucid and Aston Martin. Currently, Aston Martin produces luxury cars, sports cars, and grand tourers.