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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.

Mercedes-Benz F125 concept

Mercedes today revealed the F125 concept at the Frankfurt motor show. Claimed to represent ‘a radical reinterpretation of a sports sedan', the new car is also said to preview the next generation S-Class. Created in close collaboration between the technical research and development departments, as well as the Advanced Design Studios in Sindelfingen and Carlsbad, CA, Mercedes says the exterior design of the F125 is a further development of the company's current design strategy, with organic use of body surfaces, a cab-forward stance and short overhangs.

Toyota tests chips that improve hybrid efficiency by 10 percent

Toyota announced on Tuesday that it has developed a new semiconductor, claiming it can boost fuel efficiency in hybrid cars by an impressive 10 percent. The semiconductors manage the flow of electricity through the power-control unit that connects the battery to an electric or hybrid car's motor and generator. The newly developed semiconductors are said to consume only a tenth of the energy of today's chips, while allowing the power-control unit to be 80 percent smaller.