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Toyoda says company is ‘grasping for salvation', fears big sales loss

Toyota 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.

One Lap of the Web: Happy (belated) birthday, Sir Jack Brabham

-- At the upcoming World's Greatest Sports Coupes exhibit, which opens April 10, the Petersen asked some well-known celebrities to pick their finest "two-seat, fixed-roof high performance car of all time," many of which they happen to own. Personally, we would have gone with the 1979 Ford Mustang, the Toyota Hilux Surf SSR Limited, or the Deathmobile from "Animal House." -- Quick, name a Japanese car that was designed by Italians. OK, the Isuzu Piazza.

GM's Ed Welburn walks Jay Leno through the Elmiraj concept's design [w/Video]

General Motors' vice president Global Design Ed Welburn stars in the latest of the 'Jay Leno's Garage' YouTube series, running the talk-show host through some of the new Cadillac Elmiraj concept's design features and what it means for the brand's future. We get a look at all the classic Cadillac design cues such as the vertical headlamps and tail lamps as well as the central hard crease that Welburn says is "important in every Cadillac". Leno and Welburn then move onto the Elmiraj's features, such as the large doors' integrated handles and the slimmer A-pillars before a more in-depth look at one of the concept's most striking features – the grille.