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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.

U.S. sales rise 9 percent in July

U.S. demand for light vehicles continued to defy mostly weak economic indicators by rising 9 percent in July. Big sales gains at Japan's and Europe's top automakers--Toyota, Honda, Nissan and Volkswagen--offset declines at Ford Motor Co.

Lexus LF-Xh concept (2007): first official pictures

By Tim Pollard First Official Pictures 11 October 2007 09:50 Lexus LF-Xh Concept: the lowdown Lexus will show off its latest wares on home territory at this month's 40th Tokyo Motor Show - and the big news is a preview of the next-generation RX soft-roader. The LF-Xh is longer and wider than today's car, but a full 40mm lower - suggesting the Japanese are taking cars like the forthcoming half 4x4, half coupe BMW X6 very seriously. Naturally, the next RX will build upon today's RX400h hybrid.