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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.

Coventry University MA Design Degree Show 2003

The projects on show cover the full spectrum of vehicle concepts. Particular topics this year were environmentally friendly hybrid supercars, urban microcars and future cars for China. The course has a strong international presence, with students from Brazil, Belgium, China, Taiwan, Finland and Australia among this year's graduates and this contributed to the wide variety of work on display.

One Lap of the Web: Wax that woody; Bentley gets high-tech

-- Bentley comes striding into the 21st century with a Mulsanne souped up with no fewer than two keyboard-equipped iPads in the backseat, hidden behind veneered wood inlays. In a short film titled "Intelligent Details" -- one must assume Bentley marketers had to resist the urge to call it "Intelligent Design" -- Luc Donckerwolke, director of design, and Sang Yup Lee, head of exterior design, go for a ride in black-and-white Manhattan. Naturally, they are not driving.