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Toyota to close Australian design studio

Toyota designers at its Technical Center Asia Pacific Australia (TTCAP-AU) are to lose their jobs as part of Toyota's decision to scale back the facility's activities as well as halting all manufacturing within the country by 2017. The TTCAP-AU, which carries out all its Australian design and evaluation operations, employs 150 designers and modelers and it's possible that its activities with the Camry, Camry Hybrid and Aurion models could be scrapped, raising doubts over its future. Around 2,500 employees at Toyota's Altona manufacturing plant are expected to lose their jobs, although the effects are likely to be wider ranging.

Toyota recalls 370,000 Sienna minivans for spare-tire problem

Toyota is recalling certain Sienna minivans manufactured between 2004 and 2011 and sold in 20 northern and Midwestern states and the District of Columbia. The problem is a spare-tire carrier cable that may disintegrate over time due to rust, causing the tire to fall away. A total of 370,000 Sienna models are a part of this recall.

RM Auctions buys Auburn complex from Kruse

RM Auctions has bought the Kruse International Auction Park in Auburn, Ind., from financially troubled auctioneer Dean Kruse and plans to hold the site's annual Labor Day weekend car auction Sept. 2-6. Rob Myers, RM Auction CEO, said his company will spend the next several weeks making upgrades to the auction facility and lining up consignments.