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Toyota to build Corollas at revived Mississippi plant starting in late 2011

Toyota will resume construction on its mothballed plant in Mississippi and begin producing the Corolla there late next year. “We first needed to fully utilize our existing facilities as the economy slowed,” Yoshimi Inaba, president of Toyota Motor North America, said in a statement Thursday. “Now it's time to fulfill Toyota's promise in Mississippi.” The automaker said it will hire 2,000 workers “soon.” Corolla output would mark another shift for the project.

Daimler, Renault are set to share vehicle platforms and engines

Following a year of intensive high-level talks and secretive, behind the scenes strategy meetings, Daimler AG and Renault SA have agreed on plans that will see their car-making divisions--Mercedes-Benz, Smart, Renault and Nissan--share resources on a wide range of products. The move signals more consolidation within the European automotive industry. Daimler chairman Dieter Zetsche and Renault president Carlos Ghosn have set out three primary areas of cooperation that will see the carmakers share small-car and light-commercial-vehicle platforms, small gasoline and diesel engines, and electric drive systems.

Aston Martin DB4GT Zagato Sanction II Coupé up for grabs at Bonhams sale

Aston Martin DB4GT Zagato Sanction II The Aston Martin sale at Newport Pagnell in May has one of the four Aston Martin DB4 GT Zagato Sanction II Coupés ever built up for sale. The Ferrari 250 GTO may have shown the Aston Martin DB4 GT Zagato a clean pair of heels on track and gone on to be perhaps the most expensive car on the planet. But the truth is the Aston Martin is far more beautiful.