Toyota to make new ‘Corvette’ engines as part of Toyota Group production plan

The company said it would roll out new Corvettes to the US market as part a planned $1.5 billion plan to modernize its fleet.

The new vehicles will have an improved engine and transmission, and Toyota said they will have a more powerful engine that can reach 500 horsepower.

It said it will build about 200 of the Corvetes to supply Toyota dealers and customers.

The company also plans to produce a number of Corvete models that will be sold to customers in Europe and other markets.