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Land Rover reveals rejigged Discovery at the 2013 Frankfurt Motor Show

Land Rover has revealed a surprisingly comprehensive facelift for the Discovery range here at the 2013 Frankfurt Motor Show – and the firm has underlined the changes with some new badging for the Discovery range. Instead of having ‘LAND ROVER’ on the bonnet, the new Discovery has, well, ‘DISCOVERY’ lettering. That’s because Land Rover wants to make Discovery into its own brand, a bit like Range Rover: here at Frankfurt 2013, we’re seeing the first steps in this rebranding.

Crafting the Ferrari LaFerrari

Ferrari's limited-edition supercars are special. They appear about once a decade, cost a small fortune -- which has never hurt sales -- and often become the benchmark for next-generation supercars at Ferrari and in the industry. Ferrari Chairman Luca Cordero di Montezemolo says the new LaFerrari is no exception because of features such as the supercar's gasoline-electric hybrid powertrain, its Formula One-inspired carbon fiber cockpit and its state-of-the-art active aerodynamics.

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.