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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.

London Motorexpo competition shows future EVs

London's 2012 Motorexpo show has showcased the work of the winners in its competition to design an electric vehicle of the future. The brief, to create a circa 2032 zero-emmission city car capable of transporting four adults and luggage, was won by Michael Vlcek, a first-year student at London's Royal College of Arts' (RCA) Vehicle Design department. Vehicles of the future Vlcek's proposal displayed a car with electric motors mounted in the wheel housings to maximise interior space, and a front-hinged opening to allow access via the rear of the car, where Vlcek positioned the rear lights on vertical vanes to improve aerodynamic stability.

Chevy reveals Corvette, Camaro, SS for SEMA

Chevy saved its best SEMA reveals for Monday. The Bowtie brand unveiled SS sedan, Corvette and Camaro concepts for the yearly aftermarket industry show. Last week the company showed its hopped-up four bangers and front-wheel drive cars.