Michael Bay's official site has posted an update from the director on where two big action sequences will be shot for Transformers 3:
Spoke with Michael today and got some little info on TF3: there will be big action sequences shot in Chicago and Moscow this time around.
The third installment, again starring Shia LaBeouf and Megan Fox, will be released in theaters on July 1, 2011.
Source: Michael Bay
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