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Toyota Matrix likely to be dropped

Toyota will roll out Tundra and Corolla redesigns next year and will revise the RAV4, Avalon and Highlander, but there are some things the division probably won't do. For example, there is a strong possibility that the Corolla-based Matrix hatchback will not be renewed for the United States when the Corolla redesign comes next fall. "If we don't have the Matrix, it won't be the end of the world," said Toyota Division boss Bill Fay at the press introduction of the RAV4 in Phoenix.

Concept Car of the Week: Ford 021C (1999)

As Australian-born designer Marc Newson this week joined Apple, we can only wish that he brings with him the same smart-yet-playful approach as he did with his radical Ford 021C concept. Presented at the 1999 Tokyo Motor Show, the project began when Marc Newson was commissioned by Ford global design director, J Mays, to create an innovative interior. Their mutual passion for design and their enthusiasm led to a much larger project and Newson eventually delivered a complete working prototype.

News watch July 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 July 2010• Renault has reported a net income of €823 million – with an operating margin of 4% and sales up 22% globally. Its worldwide market share now stands a whisker up at 3.8% (Renault)• La Regie said its business was performing much better than during the same period last year, when the recession bit into its profits.