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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.

College Exhibition: RCA/GM - Fast Forward 2049

First year students at the Royal College of Art recently held an exhibition at the London Transport Museum commemorating the 40th anniversary of the school's vehicle design course. Sponsored by GM's Opel/Vauxhall division, 19 students responded to a brief that called for them to ‘Fast Forward into the Future'. Divided into three groups - Inside Out, Urban Flow and Automark - the students devised their own notions of vehicles for the year 2049, and in some cases entirely reinvented Opel brand values and aesthetics.

Thomas Ingenlath: Volvo Concept C to end 'vanilla' design era [w/Video]

Volvo has promised a radical change in its future design language that will be embodied in its Concept C coupé, the first concept to be developed since head of design Thomas Ingenlath's appointment in July 2012. Our first look at the concept, which debuts at this month's Frankfurt motor show, comes from a video starring Ingenlath (see left). At first it seems to just show him sketching while he explains how some people see Volvo design as "vanilla" – nice, but not iconic or cutting-edge – but if we slow it down at around the 11-second mark, we get a preview of what we can expect.