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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.

Frankfurt motor show 2011 photo gallery

  The Volkswagen stand was absolutely rammed with metal. They've already shown the Polo R WRC car - but just look at it! Can't wait to see it on dirt from next year  Volkswagen showed the Nils - a vision for a single-seater commuter EV for future cities Inside the VW Nils Land Rover showed two concept cars  Upright, square, wheel on the back... could only be a Land Rover Land Rover DC100: sounds like a plane, one of the hits of Frankfurt   Land Rover showed a brace of concepts, both looking to the new Defender due in 2015.

Chevrolet Cruze gets better fuel economy for the 2012 model year

The 2012 Chevrolet Cruze is making a run at its Eco brother, with a highway fuel-economy rating of 38 mpg with an automatic transmission, 2 mpg more than last it got last year. A manual transmission is now more widely available on the Cruze, according to the General Motors ordering guide. The 1LT and 2LT models will now be available with the six-speed manual, which should increase the fun quotient with the turbocharged 1.4-liter engine.