Toyota Racing Development appears stuck in the slow lane, as Toyota Motor Corp. Australia Ltd.’s new high-performance brand undergoes a revamp. The TRD HiLux, released this month, will be the last model the division will introduce for at least two years. The TRD Aurion was launched in August. Toyota Australia officials say the next model to receive TRD treatment will be chosen in June. The Yaris small car is said to be a contender. “We still haven’t locked in on a third model, and ...

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