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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.

Nissan GT-R Nismo leaks – gets 595bhp

Nissan GT-R Nismo leaks – gets 595bhp Nissan has been planning to add Nismo performance versions across their range of production cars for the last couple of years, and we’ve seen the Juke Nismo and 370Z Nismo already. Next up is the Nissan GT-R Nismo (even though you’d think it might be tough to make the mad GT-R any more ‘sporty’), an arrival confirmed by Carlos Ghosn back in February when he said “It would be unthinkable for us to develop a range of Nismo road cars without including the GT-R“. Now, ahead of a reveal this week, the first photo of the new GT-R Nismo has arrived together with some detail on what’s on offer.

Interior Motives Conference 2012 Day 1

The annual Interior Motives China conference - this year held in Beijing to coincide with the motor show - was opened by the official Yang Shi Min. He welcomed the many delegates by acknowledging that discussion and debate will be the key element in the future of automotive design. He stated his belief that "discussion gives the opportunity for wisdom to sparkle", and opened the proceedings by encouraging all to share their wisdom with each other.