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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.

SRT Viper combines Time Attack package with Anodized Carbon look

SRT has just debuted a very special Viper at the New York auto show, combining the Time Attack Group with the exclusive Anodized Carbon Special Edition package. Just 50 examples of the of the SRT Viper Anodized Carbon Special Edition package will be made, with just 10 models carrying the Time Attack Group package. Like a number of special editions from Chrysler, this model emerged due to customer demand, with Chrysler taking the functional chassis and aerodynamic parts from the Viper Time Attack Special Edition and making them available in the GTS price class.

LA Motor Show: Subaru WRX gets downsized engine

SUBARU has revealed a production-ready version of the WRX concept first seen earlier this year. The latest edition of the performance saloon may not be coming to the UK at all, but Subaru has finally given the 268bhp machine the go-ahead for Japan and North America. A new 2.0-litre ‘boxer’ engine carries on the brand’s tradition, bringing with it the same low centre of gravity as the old 2.5-litre unit but with greater environmental credentials.