Toyota plans to export the new Corolla to Latin America and the Caribbean by mid 2014.
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The current Toyota Corolla, having been on sale since 2008, is a little long in the tooth and will be replaced with an all-new model by the end of the year.
In what may be a small boost to automakers, car battery prices fell 14 percent in the first quarter of this year from just a year ago.
Set to debut at the 2013 Geneva Motor Show, the Toyota i-ROAD concept car can be previewed in the latest 37 second teaser video.