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Toyoda says company is ‘grasping for salvation', fears big sales loss
Fri, 02 Oct 2009Toyota Motor Corp. President Akio Toyoda said his money-losing automaker is “grasping for salvation” as it struggles to return to profit. The world's largest car company was once targeting annual sales of 10 million vehicles but now expects sales of 7.3 million this year, down from 8.97 million in 2008, Toyoda said today at a news conference.
Mazda diesels on the way
Mon, 05 Apr 2010Word at the New York auto show has Mazda bringing its Sky-D direct-injection diesel engines to the United States in 2012. The first Mazda oil-burner here will be a Mazda 6-size vehicle, said Mazda CEO Takashi Yamanouchi. He wouldn’t say exactly what car, though.
Photo of the week (2009): Porsche Panamera in a lift
Tue, 21 Apr 2009By Ben Pulman First Official Pictures 21 April 2009 14:22 CAR’s editor Phil McNamara is in China this week, reporting on everything weird and wonderful at the Shanghai motor show. But when he called to say he was pouring over Porsche’s Panamera 425 metres up in the air, we started to think that maybe the jetlag was getting to him. Apparently not – on the evening before the opening of the Shanghai show, a select group of the world’s automotive media was invited to a preview of the Panamera on the 94th floor of the Shanghai World Financial Centre.