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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.

Toyota RAV4 EV hits California roads this summer at $49,800

Toyota RAV4 EV The Toyota RAV4 EV – the electric version of the RAV4 – will hit the road in California in the summer. Costs $49,800. After a bit of confusion last year when spokesman for Toyota claimed the RAV4 EV wouldn’t be sold to the general public – a statement quickly corrected by Toyota – the Toyota RAV4 EV is now going on sale.

Tesla Models S UK price announced

Tesla has opened its first UK car dealership at the Westfield Shopping Centre in White City, London. At the opening of the premises, the American premium electric vehicle manufacturer confirmed its Model S saloon will cost £49,900 in the UK, with delivery of the first cars targeted for the end of March 2014. On Bing: see pictures of the Tesla Model S Find out how much a used Tesla costs on Auto Trader Tesla Motors’ co-founder and chief executive officer Elon Musk was at the event hosted specially for UK customers, and hinted at future plans for the brand in Britain: “Tesla is taking the UK market very seriously, and there are more stores and service centres to come.