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2014 Toyota Corolla debuts in Santa Monica

The all-new 2014 Corolla is the 11th generation of the largest-selling car in the world. Along with the Camry it's the very bread and butter of a very bread-and-butter automaker. So it's pretty important for Toyota.

Hyundai rules out separate premium brand

Hyundai Motor Co. has ruled out spinning off the Genesis or Equus nameplates to create an independent premium brand along the lines of Lexus or Infiniti, partly because of the enormous cost involved and possible image damage to sibling nameplates. "There are no plans for Hyundai to make a separate brand," Vice Chairman Shin Jong-Woon said in an interview Friday at the carmaker's headquarters in Seoul, South Korea.

Nissan might delay U.S. EV output

Japan's earthquake and tsunami may force Nissan to delay the start of U.S. production of its Leaf electric vehicle, now scheduled for late 2012. "The earthquake is putting us in a very difficult situation," said Hideaki Watanabe, head of Nissan's Global Zero Emission Vehicle Business Unit.