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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.

Jeep adds Rocky Mountain models to lineup

On top of cash-back incentives and employee-pricing programs, Jeep is implementing another value play to lift sales with the introduction of Rocky Mountain Edition versions of the Patriot, the Liberty and the Grand Cherokee. Included in the Rocky Mountain Edition are a sunroof, a 30-gigabyte UConnect stereo interface, a Boston Acoustics sound system, exclusive wheel finishes and Rocky Mountain Edition badges. According to Jeep, that's $2,300 worth of options at the discounted price of $1,595 if you check off the Rocky Mountain package on the order sheet.

Bentley Azure T (2008) unveiled at LA Auto Show

By Ben Pulman First Official Pictures 12 November 2008 13:40 This is the new Bentley Azure T, a 500bhp and 1000Nm (738lb ft) drop-top that will be unveiled at the LA Auto Show next week. Don’t worry, it has – the company has even laid-off workers while at least one Bentley dealership is reported to have gone bust. But to keep customers coming through the doors there are a few new Bentleys on the way.