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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.
Cadillac S-class fighter confirmed
Wed, 24 Jul 2013General Motors CEO Dan Akerson recently revealed to USA Today that a new Cadillac S-class and 7-series fighter is in the works. He suggested it would be released in about two years. The large luxury sedan will utilize a rear-wheel-drive chassis loosely based on the CTS, though there will also be an all-wheel drive version.
Harley-Davidson to shutter Buell motorcycle brand, will sell Italian division
Thu, 15 Oct 2009Harley-Davidson is axing two notable brands as it refocuses on its core business. The iconic American motorcycle producer said on Thursday that it will kill the 26-year-old Buell brand and will sell recently acquired Italian motorcycle company MV Agusta. The announcement came as Harley revealed its third-quarter financial results, which saw its earnings and sales slip as it deals with the global economic conditions.
