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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.

One Lap of the Web: Ferrari sketches, attainable classics and a Brougham

-- A set of Ferrari sketches leaked online at jokeforblog.blogspot.it. It looks to be a hard-core, two-seater version of the shooting brake FF. The sketches were picked from the European Patent Register -- check them out.

Pagani Huayra tease 4 – The Dream

Pagani Huayra Tease 4 - the sketch and the poetic pontification Although we confessed to getting more than a little bored with the Pagani Huayra tease, we really have no choice but to see it through to the end as we’ve done the first three – and there is only one more to go before the reveal on 26th January. So far we’ve had moody, close-up imagery of the interior detail and a few shots in the last video of the exterior. Nothing to give the game away too much, although we’re pretty sure we’ve already seen much of what the Huayra has to offer in the spy shots that have floated around in the last year.