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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.

Porsche Carrera GT in Paul Walker crash had six owners in its cross-country life

Always Evolving's Porsche Carerra GT -- recognizable for its unusual red color and black wheels -- is a difficult car to drive for even professionals, with one top driver calling its handling “scary." Those of us at Autoweek who have driven the car will likely concur. Always Evolving, a car race and tuner store operated by CEO Roger Rodas, a financial consultant who became friends and business partners with actor Paul Walker at a racetrack, acquired the car last spring, and used it often at car shows and in promotional ads. Rodas was driving when the car crashed, killing him and passenger Walker in a California business park Saturday afternoon.

Hennessey Venom F5 (2016): is this really a 290mph supercar?

By Tim Pollard First Official Pictures 07 August 2014 10:16 Meet the Hennessey Venom F5, the extreme supercar successor to the Venom GT. And the US manufacturer has bold ambitions for the Venom F5 - it claims 290mph could be on the cards. While we’re of the view that the race to the top is largely academic (anything over 200mph is as good as impossible, even on derestricted autobahns), it’s still an eye-grabbing headline.