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Volkswagen to buy Italdesign-Giugiaro

Italdesign-Giugiaro S.p.A could soon become another group under the Volkswagen AG umbrella, according to Automotive News Europe. The industry publication cites two sources that claim the German company is set to buy a controlling stake in Italy's largest design and engineering firm, a deal which could be clinched as early as next week. Founded by Giorgetto Giugiaro and Aldo Mantovani in 1968, Italdesign-Giugiaro currently has 975 employees and 800 CAD workstations.

Peugeot 508 leaks early

The Peugeot 508 Estate - turns up a day early It seems like a very long time (it was November last year) since we first reported that Peugeot are dropping the 407 and the 607 and replace them with a new car – the Peugeot 508. Which makes sense, with the 407 getting a bit long on the tooth and the 607 selling nowhere but Paris. We got the first official view of the 508 in the 5 by Peugeot concept at the Geneva Motor Show at the start of the year, and a good looking and elegant Peugeot it looked.

Lotus Elise S Cup R poised for US consumption

Lotus can’t sell its road cars in North America anymore (dang safety regulations!), but that won’t stop them from sending some hardcore track vehicles here for the true enthusiasts. Enter the Lotus Elise S Cup R. The Cup R variant of the Elise sports a 1.8-liter four-cylinder engine, delivering 217 hp and 181 lb-ft of torque with help from a Magnuson R900 supercharger.