The tenth generation Corolla (E140) was released in Japan on October 10, 2006. The sedan is now known as the Corolla Axio.[2] The Axio name was created from the Greek word “axia”, meaning “things with value”. The station wagon retains the Corolla Fielder name. To save neck-twisting, the Corolla gets Toyota’s latest intelligent parking-assist system. The option costs ¥105,000, or $879 at current exchange rates. A backup camera monitor is standard. The RunX was replaced by the Toyota Auris and the Spacio was discontinued. The Corolla Rumion, a restyled Scion xB, was introduced later.

On Japanese models only, G-BOOK, a subscription telematics service, is offered as an option. The dimensions for the Corolla sold in Japan are smaller than vehicles made for export so as to remain in compliance with Japanese government regulations concerning exterior dimensions and engine displacement.