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Toyoda says company is ‘grasping for salvation', fears big sales loss
Fri, 02 Oct 2009Toyota 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.
Audi to buy Ducati 'next week' - Reuters
Thu, 12 Apr 2012Audi looks set to complete its purchase of superbike maker Ducati as early as next week, according to Reuters. The news wire reports the deal could be finalised by 18 April 2012, the day before VW's annual shareholders meeting in Hamburg. Audi has been undertaking due diligence on the purchase of Ducati and the bean counters are reporting no obstacles to the deal. Why is Audi interested in buying Ducati?
2011 Daihatsu Charade revealed
Wed, 23 Feb 2011The 2011 Daihatsu Charade - an old model Yaris with a new badge Yes, we know. Daihatsu has announced it’s leaving Europe to the Koreans and won’t be in the business of selling last generation Toyotas with a new badge on this side of the world any longer. But they’re sending us one last car – the 2011 Daihatsu Charade.