UNITED ~~STATES SECURITIES~~STATESSECURITIES AND EXCHANGE COMMISSION ~~Washington~~ WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Pursuant~~Date toof ~~Section~~Report ~~13 OR 15~~(d)Date of ~~the~~earliest ~~Securities~~event ~~Exchange~~reported): ~~Act~~June 25, of2007 ~~1934~~

Date of Report (Date of earliest event reported) October 25, 2006

TRANSNATIONAL AUTOMOTIVE GROUP, INC.
(Exact name of registrant as specified in its charter)

Nevada	0000-33149	76-0603927
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)

~~1500~~21800 ~~East~~Burbank ~~Tropicana Avenue~~Blvd., Suite ~~100,~~#200 ~~Las~~Woodland ~~Vegas~~Hills, ~~Nevada~~CA 91367 ~~89119~~ (Address of principal executive offices) (Zip Code)

(818) 961-2727 (Registrant’s telephone number, including area code ~~(206~~) ~~262-7413~~

~~Columbia~~Not ~~Tower,~~Applicable ~~701 5th Avenue, Suite 4200, Seattle, WA 98104~~ (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

~~Section~~This 5Current Report on Form 8-K ~~Corporate~~and ~~Governance~~Exhibit 99.1 contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based on current expectations and ~~Management~~are not guarantees of future performance. Further, the forward-looking statements are subject to the limitations listed in Exhibit 99.1 and in the reports filed by Transnational Automotive Group, Inc. (“TAUG” or the “Company”), including that actual events or results may differ materially from those in the forward-looking statements.

Item 52.02. ~~Departure~~Results of ~~Directors~~Operations orand ~~Principal~~Financial ~~Officers; Election of Directors; Appointment of Principal Officers~~Condition

(b)	Effective October 25, 2006, Transnational Automotive Group, Inc. (the “Company”) accepted the voluntary resignation of Terry Klapakis as President and Chief Operating Officer of the Company.
(c)	Effective October 25, 2006 Ralph Thomson, PhD, MALD, MA, Chairman of the Board of Directors of the Company, was elected President and Chief Executive Officer of the Company. Dr. Thomson's career involves over thirty years' experience in state/local and Federal government advocacy, legislative and regulatory activity as well as international policymaking, negotiations, technology and trade consulting, business, and higher education. He has been Chairman and CEO of International Business Catalysts, LLC (IBC), since 1988, a firm devoted to partnerships, mergers and acquisitions, strategic alliances, representation to U.S. and foreign governments, technology transfer, trade and finance. During his career, Dr. Thomson has been responsible for private and public sector project funding, joint ventures and technology sales contracts totaling over $500M in the U.S., Asia, Europe, the Middle East, and Latin America. Public sector funding and policy activities have involved U.S. government agencies, the United Nations, the World Bank/IMF, and regional development banks.
There are no family relationships between any of the directors or officers.

On June 25, 2007, Transnational Automotive Group, Inc. (“TAUG”) issued a press release announcing that it will restate its consolidated financial statements for the first-quarter and second quarter periods ended May 31, 2006 and August, 31, 2006. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1, and is incorporated by reference herein. The information contained in Exhibit 99.1 shall not be deemed “filed” with the Securities and Exchange Commission (the “SEC”) or incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended.

Item ~~SIGNATURES~~4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.

Based ~~Pursuant~~on to the ~~requirements~~recommendations of the ~~Securities~~Company’s ~~Exchange~~management, TAUG’s ~~Act~~Board of ~~1934~~Directors determined on June 25, 2007 that the ~~registrant~~Company will ~~has~~restate ~~duly~~its ~~caused~~consolidated ~~this~~financial ~~report~~statements for the first-quarter and second-quarter periods ended May 31, 2006 and August 31, 2006 to: be1) ~~signed~~accrued interest on unsecured promissory note obligations and convertible debentures; 2) to account for the value of the beneficial conversion feature and common stock warrants from the sale convertible debentures issued in connection with private placement memorandum offerings; and 3) to accrue for value added taxes and custom duty fees on the Company’s purchase of buses used in its ~~behalf~~operations. byAs a result, the ~~undersigned~~Company’s ~~hereunto~~Board of Directors determined on June 25, 2007 that the ~~duly~~Company’s ~~authorized~~previously issued quarterly unaudited consolidated financial statements for the first-quarter and second-quarter periods ended May 31, 2006 and August 31, 2006 currently on file with the SEC in the Form-10-QSB for each respective period should no longer be relied upon.

	TRANSNATIONAL AUTOMOTIVE GROUP, INC.
	(Registrant)
Date: October 25, 2006	/s/ Ralph Thomson
	Ralph Thomson, President

The cumulative impact of the restatement is expected to reduce net income for all periods impacted by an estimated $600,000 to $700,000. Additionally, the Company’s management expects the Company’s total assets and total liabilities will increase by approximately $900,000 to $1,000,000 as a result of the accrual of custom duty and VAT taxes the Company anticipates may be assessed by governmental agencies in Camerooon in connection with the Company’s acquisition of its first shipment of 28 inter-city and city buses. Transnational Automotive Group, Inc. is unable at this time to provide the precise impact of the restatement since its review of these issues has not yet concluded.

Upon completion of its accounting review, TAUG will report relevant financial information and file amendments to its Form 10-QSBs for the first-quarter and second-quarter periods ended May 31, 2006 and August 31, 2006. The Company is not able to predict at this time when these filings will be made.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits:

Exhibit No.	Description
99.1	Transnational Automotive Group, Inc. Press Release dated June 25, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Transnational Automotive Group, Inc.
	(Registrant)

Date: June 25, 2007	By:	/s/ Seid Sadat
		Seid Sadat
		Chief Financial Officer

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