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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.

Audi R18 TDI dominates Le Mans 2011 test day

Le Mans echoed to the sound of racing cars on Easter Sunday as teams took part in the sole scheduled test day, and Audi's new R18 coupe dominated the LMP1 class. Le Mans 2011: classes and rules changes The Automobile Club de l'Ouest (ACO), the organisers of the annual 24-hour race, made several changes to the competition classes and technical specifications for Le Mans 2011, aimed at reducing costs, raising lap times and ending the dominance of turbodiesel endurance racers. Out went V10 and V12 engines in the LMP1 (Le Mans Prototype) class, and in came new capacity limits for all engines, intake restrictors and lower turbo boost limits on existing turbodiesels. Naturally aspirated petrols units are now limited to 3.4-litres, turbo'd petrols can be no bigger than 2.0, and turbodiesels are restricted to 3.7-litres.

Jay Leno drives the 2015 Porsche 918 Spyder

There's one thing all the vehicles Jay Leno gets to drive seem to have in common, and it isn't even four wheels: They're all cool enough to make us extremely jealous. The 2015 Porsche 918 Spyder is no different. We're especially glad Leno decided to feature this new supercar (hypercar?