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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.

Metrocab Range Extender London Taxi looks a real contender (video)

Metrocab Range Extender London Taxi We’ve had lots of new competition for the traditional London Black Cab cropping up recently, with the Nissan NV200 Taxi and the Mercedes Vito Taxi heading the assault on the traditional black taxi market. Now we’re getting the Metrocab Range Extender Electric from Frazer Nash throwing its hat in to the ring as a contender for the market, and it does look to be a real contender. Looking familiar with styling that looks like a properly updated take on the traditional TX4 Black Cab, the Metrocab has been developed by Frazer Nash and Ecotive to be fully compliant with all the requirements of the London Public Carriage Office and offers a much more appealing option for cabbies and fares alike.

Pagani Huayra Roadster tease…isn’t. It’s just a new set of speakers!

The tease for something new from Pagani isn’t a Huayra Roadster, it’s a new set of speakers from Italian Sonus Faber. Although the Pagani Huayra is still only on the road in single numbers – two years on from when it arrived – we did think a tease from Pagaini for ‘Something New’ at the 2013 Geneva Motor Show may be the arrival of a Huayra Roadster. But it’s not.