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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.

BMW Gran Lusso Coupe Concept plots 8-series return

This sleek two door coupe concept, unveiled at the 2013 Villa d'Este Concourso d'Eleganza on Italy's Lake Como shores, could provide the stylistic inspiration for a BMW 8-series return. The Pininfarina Gran Lusso Coupe is a contemporary four seater created in cooperation between BMW's in-house design team headed by Karim Habib and famed Italian design house Pininfarina. The car is based on a modified rear-drive BMW 7-series platform and uses the 760i's 6.0-liter, 536-hp turbo V12 for power.

Kia to reveal ‘Stunning’ Sports concept at Detroit Auto Show

‘Stunning’ Sports car concept teased by Kia It may be almost Christmas, but car makers are looking a bit further ahead than that with the current crop of teases and expectations for the 2014 Detroit Auto Show in January. Today’s offering comes from Kia, with the first teaser photo of a new concept heading for Detroit. Kia describe their car as a “stunning sports car concept” which has been designed by Kia’s California design team in Irvine, and is a 2+2 Sports Car which, say Kia, will make heads turn and provide superb driving enjoyment on road or on track.