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

FORM 8-K

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

Date of Report (Date of earliest event reported): ~~June~~July 253, 2007

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

Nevada	000-33149	76-0603927
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)

21800 Burbank Blvd., Suite #~~200~~200Woodland ~~Woodland~~ Hills, CA 91367 (Address of principal executive offices) (Zip Code)

(818) 961-2727 (Registrant’s telephone number, including area code)

Not Applicable (Former name or former address, if 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))

~~This~~Item ~~Current Report on Form 8-K and Exhibit 99.~~1 ~~contain forward-looking statements within the meaning of the federal securities laws~~. ~~These~~01 ~~forward-looking~~Entry ~~statements~~into ~~are~~a ~~based~~Material onDefinitive current expectations and 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.Agreement

~~Item~~ Between 2January 17, 2007 and July 3, 2007, Transnational Automotive Group, Inc.~~02.~~ ~~Results~~(the “Company”) entered into Subscription Agreements (the “Subscription Agreements”) with various accredited investors (the “Investors”) for the sale of ~~Operations~~investment units (the “Units”), with each Unit consisting of (i) one share of the Company’s common stock, par value $.001 per share (the “Common Stock”) at $0.50 per share and ~~Financial~~(ii) ~~Condition~~a warrant to purchase one share of Common Stock at $1.50 per share. The warrants do not offer a “cashless exercise” provision. The Company offered the Units to accredited investors as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. The proceeds from the offering will be used by the Company for capital expenditures to expand its fleet of buses used in operations as well as for general working capital requirements. In connection with the sale of investment Units, the Company agreed to pay various placement agents a fee equivalent to 5% of the gross proceeds received from the sale of the Units underlying the Subscription Agreements.

On Through ~~June~~July 253, 2007, ~~Transnational~~the ~~Automotive~~Investors purchased ~~Group,~~an ~~Inc.~~aggregate ~~(“TAUG”) issued~~of a$3,245,000 ~~press~~in ~~release~~Units ~~announcing~~representing ~~that~~6,490,000 itshares of ~~will~~common ~~restate~~stock ~~its~~at ~~consolidated financial~~a ~~statements~~price ~~for~~of ~~the~~$0.50 ~~first-quarter~~per share, and ~~second~~warrants ~~quarter~~to ~~periods~~purchase ~~ended~~an ~~May~~additional 31 6,490,000 ~~2006~~shares ~~and~~of ~~August,~~common ~~31,~~stock ~~2006~~at $1.50 Aper ~~copy~~share. ofThe ~~the~~warrants ~~press~~have ~~release~~a ~~is furnished with~~term ~~this~~ of ~~Current~~five ~~Report~~years onfrom ~~Form~~the ~~8-K~~date asof ~~Exhibit~~each ~~99.1,~~underlying ~~and~~Subscription ~~is incorporated by reference herein~~Agreement. The ~~information~~Company has ~~contained~~agreed into ~~Exhibit~~pay ~~99.1~~the ~~shall~~placement ~~not~~agents ~~be deemed “filed” with~~ the ~~Securities~~equivalent ~~and~~of ~~Exchange~~$162,250 ~~Commission~~of commissions (~~the “SEC”)~~ or ~~incorporated by~~5% ~~reference~~of inthe ~~any~~proceeds ~~registration~~received ~~statement~~from ~~filed by~~ the ~~Company~~sale ~~under~~of the ~~Securities~~ ~~Act~~Units) ofas ~~1933,~~compensation for astheir ~~amended~~services.

Item 43.02. ~~Non-Reliance~~Unregistered onSales ~~Previously~~of ~~Issued~~Equity ~~Financial Statements or a Related Audit Report or Completed Interim Review.~~Securities

~~Based~~ The onissuance ~~the recommendations~~ of the ~~Company’s~~common ~~management,~~shares ~~TAUG’s~~and ~~Board~~the ofwarrants ~~Directors~~were ~~determined~~offered onand ~~June~~sold ~~25,~~in ~~2007~~reliance ~~that~~upon ~~the~~exemptions ~~Company will~~from ~~restate~~registration ~~its~~pursuant ~~consolidated~~to ~~financial~~Section ~~statements~~4(2) ~~for~~under the ~~first-quarter~~Securities ~~and second-quarter~~Act ~~periods~~of ~~ended May 31~~1933, ~~2006 and August 31~~as amended, ~~2006 to: 1) accrued interest on unsecured promissory note obligations~~ and ~~convertible~~Regulation ~~debentures;~~D ~~2) to~~promulgated ~~account~~thereunder, ~~for~~because the ~~value~~shares ~~of the beneficial conversion feature~~ and ~~common stock~~the warrants ~~from~~were ~~the~~only ~~sale~~offered ~~convertible~~to ~~debentures~~accredited ~~issued~~investors. inThe ~~connection~~issuance ~~with~~did ~~private~~not involve ~~placement~~any ~~memorandum~~public ~~offerings;~~offering and ~~3) to accrue for value added taxes and custom duty fees on~~ the Company’s ~~purchase~~made ofno ~~buses~~solicitation ~~used~~ in ~~its~~connection ~~operations.~~with ~~As a~~the ~~result,~~Offering ~~the~~other ~~Company’s~~than ~~Board~~communications ofwith ~~Directors~~the ~~determined~~Purchasers. onThe ~~June~~Investors ~~25,~~have represented ~~2007~~ that ~~the Company’s~~they ~~previously~~are ~~issued~~accredited ~~quarterly~~investors ~~unaudited~~and ~~consolidated~~that ~~financial statements for~~ the ~~first-quarter~~Investors’ ~~and second-quarter periods ended May 31, 2006~~intention ~~and~~is ~~August~~to ~~31,~~acquire ~~2006 currently on file with~~ the ~~SEC~~securities ~~in the Form-10-QSB~~ for ~~each respective~~investment ~~period~~only ~~should~~and nonot ~~longer~~with bea ~~relied~~view ~~upon~~to distribution.

The ~~cumulative~~shares ~~impact~~ of ~~the~~Common ~~restatement~~Stock ~~is expected to reduce~~and ~~net~~the ~~income~~shares ~~for~~of ~~all~~Common ~~periods~~Stock ~~impacted~~underlying ~~by an estimated $600,000 to $700,000. Additionally,~~ the ~~Company’s~~Warrants ~~management~~are ~~expects~~restricted ~~the Company’s total assets and~~securities ~~total~~that ~~liabilities~~have ~~will~~not ~~increase~~been byregistered ~~approximately~~under ~~$900,000 to $1,000,000 as a result of~~ the ~~accrual~~Act ~~of custom duty~~ and ~~VAT~~may ~~taxes~~not ~~the Company anticipates may~~ be ~~assessed~~offered byor ~~governmental~~sold ~~agencies~~ in ~~Camerooon in connection with the~~ ~~Company’s~~the ~~acquisition~~absence of ~~its~~registration ~~first~~or ~~shipment~~applicable ofexemption 28from ~~inter-city and city buses.~~registration ~~Transnational Automotive Group~~requirements, ~~Inc.~~and ~~is unable at this time to provide~~ the ~~precise~~ ~~impact~~certificates ofrepresenting the ~~restatement~~securities ~~since~~bear ~~its~~legends ~~review of these issues has not yet~~to ~~concluded.~~that effect.

~~Upon~~ The ~~completion~~information ofset ~~its~~forth ~~accounting~~in ~~review, TAUG will report~~Item ~~relevant~~ 1.01 ~~financial~~of ~~information~~this ~~and~~Current ~~file~~Report ~~amendments~~on ~~to its~~ Form 108-~~QSBs~~K ~~for the first-quarter and second-quarter periods ended May 31, 2006 and August 31, 2006. The Company~~ is ~~not~~incorporated ~~able~~by toreference ~~predict~~into at this Item ~~time when these filings will be made~~3. 02.

Item 9.01. Financial Statements and Exhibits.

10.1	Form of Subscription Agreement by and between Transnational Automotive Group, Inc. and the Investors named therein dated as of January 17, 2007.

10.2	Form of Warrant Agreement by and between Transnational Automotive Group, Inc. and the Investors named therein, dated as of January 17, 2007.

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

SIGNATURES

~~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.

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.

Date: July 3, 2007	By:	/s/ Seid Sadat
		Seid Sadat
		Chief Financial Officer

	Transnational Automotive Group, Inc.
	(Registrant)
Date: June 25, 2007	By:	/s/ Seid Sadat
		Seid Sadat
		Chief Financial Officer

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