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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.

Kia Urban Compact SUV Concept heading for Geneva Motor Show

Kia is teasing what looks to be an Urban compact SUV come crossover ahead of a reveal at the 2013 Geneva Motor Show. The market for funky, rufty-tufty urban crossovers started with the ugly bug (but appealing) Nissan Juke and continues apace with car makers rushing to fill a desire by car buyers for something butch and small to blat round urban landscapers. Now it looks like Kia re planning to get in on the act with a new urban runaround of their own, with the reveal of a handful of tease photos of a new concept they will be revealing at this year’s Geneva Motor Show in March.

Car owners targeted by litter law

CAR OWNERS could be fined if other people drop litter out of their vehicles under new laws approved by peers. The new law would mean the registered owner of a vehicle would face a civil penalty even if they were not responsible for the littering. Home Office minister Lord Taylor said it would give councils an extra power to tackle the "scourge" of rubbish lying on the roadside.