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It's still a bit speculative but Toyota's North American head of planning and strategy confirmed that they are going to make a compact pickup to finally compete with the Ford Maverick and Hyundai Santa Cruz.
https://www.motortrend.com/news/2028-toyota-small-pickup-what-we-know-future-cars
https://www.motortrend.com/news/2028-toyota-small-pickup-what-we-know-future-cars
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