Toyota has not officially announced that they are discontinuing the production of the Land Cruiser. However, it has been speculated that the reason for this may be due to a shift in consumer preferences towards smaller, more fuel-efficient vehicles, and a decrease in demand for large SUV's like the Land Cruiser. Additionally, stricter emissions regulations have made it more challenging for automakers to produce large, gas-guzzling vehicles. the cruiser is still available but the last model year is 2021 and so it will remain until it is no longer produced
Toyota has been working on several new innovations in recent years, including:
Electric vehicles: Toyota has announced plans to release several new electric and hybrid vehicles in the coming years, including a fully electric version of the RAV4 and a plug-in hybrid version of the Corolla.
Self-driving technology: Toyota has been investing heavily in the development of autonomous driving technology. They have developed the Toyota Guardian, a safety system that uses cameras and radar to assist drivers in avoiding accidents.
Hydrogen fuel cells: Toyota has been a leader in the development of hydrogen fuel cell technology, and they have introduced several fuel cell vehicles, including the Mirai.
Connected cars: Toyota has been working on integrating advanced connectivity features in its cars, such as remote diagnostics and over-the-air software updates.
It is difficult to predict what will be Toyota's next big innovation, as they are continuously working in several fields and this changes with the market and technology advancements.