Toyota Motor Corporation, currently the largest auto maker in the industry, is fast tracking clear and definite plans to strengthen the company's stability. They have settled braced foundation in each of their market, of which recently brought success in India. After Toyota thoroughly managed to prosper with their premium cars and multi-utility vehicles in the country, they are now opting to flourish in the truck and bus segment. In relation to that, the company is in negotiation to settle a manufacturing facility for the said commercial vehicles.

Volkswagen AG, Europe's largest automaker and the biggest overseas carmaker in China has started selling Magotan sedans in the country and in the process challenging Toyota Motor Corp.'s Camry which is equipped with high quality Toyota thermostat. The Magotan sedans are equipped with 1.8-liter or 2-liter engine and have a base price starting 192,800 yuan or $25,000 basing in an email coming from Volkswagen. On the other hand Toyota's China-made Camry has a price that starts at 197,800 yuan more expensive than the Magotan by 5,000 yuan.

Japan's Isuzu Motors Ltd. said Thursday that it is considering a set up in a joint venture to produce diesel engines with Toyota Motor Corp. as part of the tie-up which was announced by the two firms last year. The truck maker and the world's number one car maker have been discussing details of their alliance in development and production of diesel engines since they formed the tie-up.

Six Tundras drivers finished in the top-10 at Memphis: Jack Sprague (second), Mike Skinner (fourth), Aaron Fike (fifth), Ryan Mathews (No. 36 Lilly Company/Toyota Industrial Equipment Tundra, sixth), Johnny Benson (No. 23 360 OTC Tundra, seventh) and Todd Bodine (No. 30 Lumber Liquidators Tundra, eighth). Other drivers in the field were Brad Keselowski (16th), Terry Cook (No. 59 Harris Trucking Tundra, 29th) and Ken Butler (No. 00 Aaron's Lucky Dog Tundra, 33rd).

A major Japanese business daily reported in Tuesday that prosecutors have decided against filing charges against three Toyota officials under investigation on distrust of avoiding recalls that may have led to an accident. Paul Nolasco, Toyota Motor Corporation's spokesman, declined to comment on The Nikkei report saying that the company was not yet officially notified of any decision. Prosecutors in Kumamoto, in southern Japan where the accident happened, also declined to comment. Toyota has denied the wrongdoing in the case.

Driver Doug Kalitta of the 8,000-horsepower Mac Tools Top Fuel dragster views July 1 final eliminations at the Summit Racing Equipment NHRA Nationals at Summit Racing Equipment Motorsports Park in Norwalk, Ohio a bittersweet event for the olden quarter-mile veteran. Last season's NHRA championship-points runner-up, Doug reached his first semi-final round of 2007 at the Norwalk race track that is situated just two hours away from his home in Ann Arbor, Mich. But thoughts of his father's passing away just days before gave burden on the drag racing fan-favorite. Doug Kalitta, Sr. died due to cancer last Tuesday at age of 67.

Toyota Boshuku Japan, Toyota's main automotive interior systems supplier, is spending 1.2 billion baht to purchase a local automotive seat producer, the Thai Automotive Seating and Interior Co (TASI). Earlier, Toyota Boshuku held a stake of 50 percent in TASI. NHK Spring in Thailand with 35 percent and NHK Spring Japan are other stake holders. The deal has been made through Toyota Boshuku Asia Co., Toyota Boshuku's Thai operation. Toyota Boshuku Asia general manager Akihiko Shimanouchi said that Toyota Boshuku Japan and Toyota Boshuku Asia would hold 50 percent each in TASI after the acquisition.

In general, Nico Rosberg viewed this weekend positive but not the best race today. Slightly quicker Button was obviously having a better day with his car and his tires, so he finished ahead of Rosberg and took the point. Rosberg said that it is a shame for everyone who has put in so much effort to leave with no reward. However, he said that this does not affect their position in the constructors' championship, but they need to start scoring consistently, particularly because they are now halfway through the season.

The Senate Democrats in June forced energy legislation to increase Corporate Average Fuel Economy (CAFE) standards, requiring that automaker fleets hit an average of 35 miles per gallon by 2020 (up from today's 27.5 mpg). Detroit's Big Three (GM, Ford and Chrysler) warned Congress that this would add to their financial hurdles, making their vehicles even less competitive when compared with those by Toyota, Honda and other foreign automakers. The United Auto Workers warned that even a small mileage increase could cost over 65,000 jobs.

Toyota the producer of high quality Toyota parking brake cables will join the marathon that will take place on the streets of New York. The Japanese automaker and currently the world's largest automaker have signed a three-year contract to become the official and sole auto sponsor at both the ING New York City Marathon and the NYC Half Marathon presented by Nike. The financial portions of the deal were not disclosed but the Japanese automaker will feature its hybrid platform, including the Prius, Highlander SUV and the Camry Hybrid, via the regional TV and print, on-and off-course.