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Toyoda says company is ‘grasping for salvation', fears big sales loss
Fri, 02 Oct 2009Toyota 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.
Tesla Model S – new Photos
Fri, 21 Aug 2009New pictures of the Tesla Model S Dogged by controversy over the claim that they could deliver the Model S for $50,000, Tesla are sticking to their guns and pushing forward with development. And if they do manage to bring the Model S in at their target price point they will probably be on to a winner. Even if you turn that $50k in to £50,000 the Model S will still be offering a huge amount of – very innovative – car for the money, and will have the BMW 5 Series, Mercedes E Class and Jaguar XF in its sights.
Toyota to build Tesla-powered RAV4 EV in Canada
Sat, 06 Aug 2011Toyota RAV4 EV - Made in canada There was a bit of a kerfuffle last month when a Toyota man went on record to say that Toyota would not be making an electric RAV4 that you and I could buy and that instead the electric RAV4 would be “…focused on very strategic applications”. We took that to mean business fleets. But it soon transpired that the Toyota man - Toyota’s National Business Planning Manager – has not been speaking with the authority, and Toyota were quick to respond by saying “…2012 RAV4 EV will definitely be sold to the general public”.