With the brand new generation of the Corolla that was presented earlier this month, Toyota followed a bolder strategy in terms of the car's design and features to counter threats from other Asian as well as European and even American brands.
As it stands, there's only a sedan version of the Corolla, while Toyota has no current plans for replacing the Matrix hatchback, which pegs the question whether the company should offer more body styles in North America, like many of its competitors – i.e. Honda sells the Civic in Sedan and Coupe iterations, while Ford offers the Focus in Sedan and Hatchback flavors.
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