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Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Toyota surges back into black

2010-05-11 12:47
Japanese auto giant Toyota Tuesday reported an annual profit of 2.2 billion dollars (209.4 billion yen) in the fiscal year ended March, marking a turnaround from a loss of 4.4 billion dollars last year.

The automaker returned to the black despite pulling nearly 10 million vehicles worldwide as it faces a host of lawsuits over issues of "unintended acceleration" that have been blamed for 58 deaths in the United States.

While global sales were down 7.7% in the year, the automaker said it expects net profit to rise 48% to 3.3 billion dollars in the year to March 2011.

Toyota last year sank into the red for the first time ever, as car sales collapsed due to the global downturn.

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