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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.

Acura teases new car headed for New York auto show

Our friends at Acura are bringing a new car to the New York auto show next month. On Monday, they gave us a little tease--an overhead view of the car, albeit with many details hidden. What we do see in the shot is two door handles, but cut lines for a rear set of doors--possibly rear hinged?

Ferrari 458 Spider (2012) first official pictures

Click here to read the Ferrari 458 Spider CAR review The new Ferrari 458 Spider is an obvious, and inevitable, extension of the 458 Italia sports car range. Ferrari has always offered a fresh-air alternative to the junior V8 and we all knew it was coming. But the lack of surprise didn't stop the tongues drooling and eyes goggling when we clapped eyes on the new 458 Spider ahead of its debut at the 2011 Frankfurt motor show.