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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.

Mercedes to launch AMG branded baby SLS

AMG badged baby SLS coming Mercedes are to launch an AMG branded small sports car in 2012 based on a cut-down version of the Mercedes SLS. We’ve thought for some time it was almost certain that Mercedes would build a smaller version of the SLS to take on cars like the Porsche 911 and Audi R8. And back in October we got confirmation from AMG’s Christoph Jung that Mercedes and AMG are indeed working on a new, smaller SLS.

Mazda BT-50 pick-up truck (2010) news, photos

Mazda is unveiling its new Mazda BT-50 pick-up at the 2010 Australian International Motor Show this week. As befits a car launched in Oz, the new BT-50 is a lifestyle pick-up or ute aimed as much at the leisure market as brickies.   Previously, Mazda had only issued the design sketch above, but today the company issued the first official pictures of its new truck. There's been a gaping hole in Mazda's UK line-up this year as the previous model was on run-out; the BT-50 used to sell in reasonable numbers, but waning sales and shifting tax systems have made the pick-up market shrink and Mazda only sells a few hundred here in a typical year.That's why there are no plans to launch the new BT-50 in the UK – despite it being homologated for Europe.These first official photos show the new BT-50 offers an interpretation of Mazda's family face with the sweeping five-pointed grille and sweptback headlamps.