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Toyota & Lexus news at 2009 Tokyo motor show

The vibe on the Toyota stand is subdued, yet upbeat at the same time. They're chuffed to bits with their new products on show, but we can't help remembering Japan's – and the world's – premier car maker's $4.9 billion loss last year. And it's forecast to lose a similar amount in 2009.

2014 China Design Schools League Report

As well as recognizing the best student automotive design talent, Car Design Awards China also acknowledges the school whose students have had the most success in the competition. For the first time in the competition's five-year history, an award for Most Successful School was given, with the China Central Academy of Fine Art taking the inaugural win. The new category recognizes the institution that has entered the most prize winners and finalists into this year's competition, celebrating its excellence at nurturing the talent that is the life blood of the automotive industry.

Saab ends deal with Chinese investors

Saab owner Swedish Automobile scrapped a $340 million investment deal with Chinese automotive companies Zhejiang Youngman Lotus and Pang Da after they proposed a buyout, straying from the original deal. Youngman and Pang Da signed a nonbinding agreement in July to take a combined 53.9 percent stake in Swedish Automobile. The Chinese companies say circumstances have changed since that time, so the deal should too.