Toyota Motor Corp. has recently introduced Corolla, the first new version of its best-selling compact van sedan which has been stricken off its lineup since 2001. Since then, the automaker has not produced said car model. However, lately, the automaker has been busy modifying Toyota Corolla parts in order to pave way for a high-performance sedan than can serve as a mighty rival to other vehicles in same category. The latest Corolla will be introduced in the United States in the year 2008 by Toyota’s president, Katsuaki Watanabe.

According to automotive analysts, Toyota is moving closer to overtaking the world’s largest automaker General Motors Corp. In its aim to move a notch higher, Toyota is releasing a thrilling new Corolla that can efficiently compete with Honda Civic and Nissan Tiida Latio. ”The Corolla will obviously put pressure on the Tiida and the Civic,” says Ashvin Chotai, London-based automotive analyst for Global Insight Inc.