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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.

Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.

Audi A8 (2010): the latest spy photos

By Tim Pollard First Official Pictures 10 September 2009 09:56 This is the new 2010 Audi A8, scooped on test in Europe sporting a very BMW-style swirly whirly disguise. The A8 won’t be at next week’s 2009 Frankfurt motor show, and we’re expecting to see it at a later date in 2009 around November time. Audi has already issued a teaser sketch of the new A8’s headlamp, but now we can see the full dimensions and shape for the first time.