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Toyota aims for a comeback, shuffles execs

Toyota, unveiling a new business plan to double operating profit by 2015, will remove its head of North America from a downsized board and promote Canada chief Ray Tanguay to be its highest non-Japanese executive. Yoshi Inaba, 65, continues to lead Toyota North America and Toyota Motor Sales U.S.A. while becoming one of 18 directors to lose board seats.

Sources: GM in talks with two potential buyers of Hummer

General Motors is in talks with two potential buyers of its Hummer brand as the automaker continues to sell assets to raise cash, said two sources familiar with the matter. The negotiations are with a private-equity firm and a Chinese company, said the sources, who declined to be named. The sources declined to name the potential buyers because the effort is private.

Ford EcoSport, Kuga & Edge SUVs will drive Ford’s sales

SUVs, like the Ford Kuga (pictured) will drive Ford sales in the future In 2010 we decided that the Ford Kuga was the inheritor of Ford’s ‘Family Car’ crown, as it offered everything a traditional family saloon does but in a more practical package. And the car buying public seem to agree. Ford’s latest Kuga is selling so well Ford has had to up production for Europe, and the new compact EcoSport SUV is about to take on the world, with Ford planning to roll it out in 60 countries across the globe in the next few years.