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New Routemaster bus hits London streets

The very first new Routemaster hybrid bus began its first day of service in London today. The bus, whose exterior and interior were designed by Londoner Thomas Heatherwick, retains the distinct character of the old Routemaster – British as the London taxi and red telephone boxes – but is far more modern in its design and construction. The new Routemaster's main design features are its three sets of doors and two staircases, which it is hoped will ease the strain during rush hour in regards to alighting and entering the bus.

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.

Ford and Dow Chemical to experiment with carbon fiber

Ford is hatching a weight-loss plan for its cars and trucks that should result in a 750-pound-per-car weight reduction before the end of the decade. The company even hired a “personal trainer,” Dow Chemical, to help it get there. So, what's their plan?