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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.

Chrysler details changes to minivan, Jeep Patriot

Wider use of the Pentastar V6, fascia changes and more luxurious materials in the interior are the key changes being made to the Chrysler Town & Country minivan and the Jeep Patriot for the 2011 model year. The changes come as Chrysler works to revive interest in its products after nearly two years of virtually no new-product activity while the automaker worked through a government-sponsored bankruptcy. Earlier this year, Chrysler unveiled the redesigned 2011 Jeep Grand Cherokee, which is now on sale.

Nissan Versa Note (2014) [w/Gallery]

Nissan has unveiled its 2014 Versa Note at the 2013 North American International Auto Show (NAIAS). The new design aims to improve fuel economy through improved aerodynamics and has a drag coefficient of 0.298, achieved with the aid of Nissan's first Active Grille Shutter. The Versa Note, which uses the carmaker's global ‘V' platform, sits on a long wheelbase of 2,600mm and has short front and rear overhangs.