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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.

Peugeot Ramps Up Production For New 308

FRENCH car maker Peugeot is to crank up production of its new 308 model as demand has rocketed for the recently crowned 2014 European Car of the Year. Built at Peugeot’s Sochaux plant in France, the firm has announced it’s to add a night shift from June, with the result that 600 jobs are being created and output will increase to a total of 1,563 cars per day. The firm has said it has already taken over 60,000 orders, while the decision to up production coincides with the launch this summer of an estate version, the 308 SW.

Alfa Romeo has no plans to export the Giulietta to North America

Alfisti, control yourselves: There are no plans right now to bring the sultry Alfa Romeo Giulietta to North America. In the wake of numerous sometimes conflicting reports circulating about the hot hat hatch's future, we wanted a straight answer from Torino. This is what we got: “There are no plans at present to export the Alfa Romeo Giulietta to the North American market,” Richard Gadeselli, vice president of communications for Fiat Group Automobiles SpA, wrote in an e-mail to AutoWeek.