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Akio Toyoda waves family flag, heir makes crisis personal challenge

The reclusive Akio Toyoda is taking the rare step of waving the family flag, as the scion to Toyota Motor Corp.’s founding dynasty tries to steer the world’s largest car company out of a spiraling safety crisis. In testimony prepared for the House Oversight and Government Reform Committee, President Toyoda pursues a rare personal tack on the emergency, saying “my name is on every car.” “As you well know, I am the grandson of the founder, and all the Toyota vehicles bear my name,” Toyoda says in prepared comments circulated ahead of Wednesday’s committee hearing in Washington. “For me, when the cars are damaged, it is as though I am as well.” The intimate reflection is a departure for Toyoda, who has spent most of his career sidestepping public discussion of his lineage.

Saab deal no longer valid says Pangda Chairman. The end of Saab?

Saab deal with China not valid says Pangda Chairman Update 10 am 12/10/11: Saab & Pangda have issued a statement about this story and say that the reports of the Saab deal with Pangda and Youngman as being no longer valid are “…based on a misunderstanding”. Whatever that means. Yesterday there was yet more speculation that Saab will be declared bankrupt as real doubt about the deal with Chinese companies Pangda and Youngman started to surface.

2013 Ford Kuga: Price from £20,895

The 2013 Ford Kuga will cost from £20,895 for the entry-level Kuga 1.6T EcoBoost  150PS Zetec, rising to £29,545 for the Kuga 2.0TDCi  163PS AWD Titanium X. The starting point for entry in to the new Kuga is the  1.6T EcoBoost  150PS Zetec with FWD, which costs £1,000 less than the equivalent outgoing model, rising to the range-topping Kuga 2.0TDCi  163PS AWD Titanium X with all its bells and whistles for a shade under £30k. In fact, Ford say that all the like-for-like models in the new Kuga range actually come in at a lower price than the old model, citing the best-selling 2.0-litre TDCi 163PS model which, at £25,545, is £355 cheaper than in the current Kuga.