The automaker's motorsports division will test the car at circuits in Japan and try to set a new lap record on Germany's famed Nürburging from 2023.

Toyota notched all-time high quarterly operating profit in the April-June period, with record fiscal first-quarter results for net income, revenue and global retail sales.

A weakening yen has emerged as a windfall for the country's automakers, helping buoy results just when they need it most amid pinched production and derailed deliveries.

Japan's automakers absorbed the challenges of the fiscal year just ended. Despite worries over rising costs, they see a brighter year ahead.

A ripple of production suspensions will dent output across the country in July, as Mazda, Subaru, Nissan and Mitsubishi battle the bottleneck.

Japan's automakers are stoking R&D investment to meet mounting demand for a staggering array of technologies. Toyota by far outpaces the pack.

The Corolla Cross H2 Concept is just one of many advancements in hydrogen combustion that Toyota rolled out at Fuji Speedway. Toyota is about 40 percent of the way toward commercializing its hydrogen combustion technology, a top executive says.