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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.

Koenigsegg One:1 – first photo ahead of Geneva Motor Show debut

The Koenigsegg One:1 (pictured) gets an enormous rear wing The Koenigsegg One:1 – Koenigsegg’s most powerful car ever – is heading for the Geneva Motor Show next month, ahead of which Keonigsegg has revealed the first photo of their new car (above). We reported just last week that the One:1 would make its debut at Geneva so, with a month to go before the Geneva Motor Show kicks off, Koenigsegg has decided it’s time to show some of what the One:1 is all about. Based on the Agera, the most dramatic difference between the two is the enormous rear wing on the back, so big it needs support from bars running in to the roof.

2010 BMW 7 Series updates: 740d, M-Sports & X-Drive

BMW has added a new diesel to the 7 Series Range for 2010 - the BMW 740d BMW has confirmed the M Sports Package will be available for the first time on the BMW 7 Series, and will be an option across the entire range. So you can now have the front and rear aprons; carbon black paintwork; 19″ M wheels; BMW Dynamic Drive; aluminium trim; M Gear Lever etc., etc. The latest BMW 7 Series is a handsome car once more, and these M-Sport options do seem to add a certain aggression to its stance – not a bad thing.