New Corolla delayed until 2008.

Toyota Motor Corp.'s Corolla, the world's best-selling small car, will keep its current design for a record sixth year, until 2008, as the automaker focuses on rolling out other new models. "There was a decision to be made regarding engineering resources," John Hanson, a spokesman for Toyota's U.S. unit, said in an interview. "We decided to let Corolla go a little longer, mainly because Corolla has been such a huge sales success compared with where we thought it would be at this stage of its life cycle."