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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.

Volkswagen Iroc concept

The Iroc is a show car preview of a production coupe to be launched next year that will fill a gap in the Volkswagen model line up left by the demise of the Corrado 11 years ago. Volkswagen describe the Iroc as "transferring the globally successful Scirocco idea into the future" - the Scirocco Mk1 by Giugiaro being produced from 1974-1982, the Mk2 from 1982-1992. Like the Scirocco, the Iroc is a front wheel drive coupe with four seats - as opposed to the 2+2 seating arrangement of the only other sports coupe from Volkswagen Group: the Audi TT.

One Lap of the Web: preservation-class edition

-- This video about a preserved Volkswagen dealership in Brazil is in Portuguese, and even if you don't know Portuguese, it will still make sense to you if you're a car person. (Or, you can activate the English subtitles on YouTube, as it's an interesting story.) -- What's the best truck for scaling vertical surfaces? That's right, it's the Unimog, and this week there's a 1965 example (that would be the oval-faced version) on the eBays with a rather realistic Buy it Now price.