Advances in electric vehicles, EV batteries and recharging, automated driving and more have made it to the finalist phase of the 2022 Automotive News PACE Awards.

The redesigned car serves a dual purpose in the company's North American strategy: Providing an affordable sport coupe to satisfy enthusiasts of the shrinking niche, and expanding the nascent Gazoo Racing brand to new nameplates.

Does it make sense these days to invest in a new generation of small, gasoline-powered, modestly priced sports cars? Absolutely, say Toyota and Subaru.