AutomobilesUnusual decision comes as new president puts high priority on profitabilityLexus's “LF-ZC” is displayed in Tokyo, Japan on Oct. 25, 2023. (Photo by Yuki Nakao)KOSUKE OKAMOTOJuly 2, 2026 11:02 JSTNAGOYA, Japan -- Toyota Motor may incur huge costs to partially compensate for losses on the part of suppliers affected by its unusual decision to cancel a plan to develop a flagship electric vehicle.