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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.

Volkswagen Jetta Hybrid unveiled

Volkswagen Jetta Hybrid Volkswagen has revealed the VW Jetta Hybrid at the Detroit Auto Show, with a 1.4 litre turbo and electric motor promising 54mpg  and 168bhp. VW has revealed the Jetta Hybrid at the Detroit Motor Show which will, if nothing else, show the Americans that a small capacity – in thyis case a 1.4 litre TSI engine – can offer not just decent economy but also some reasonable performance. With the aid of a 20kW electric motor the Jetta Hybrid can muster 168bhp and scoot ro 60mph in around 9 seconds, but still offer 54mpg.

Lamborghini set sales record despite decline in U.S.

Lamborghini sales in the United States fell in 2008, but the brand still had a record year worldwide, said president Stephan Winkelmann. "We balanced sales in the Middle East, China and Southeast Asia with the drop in the United States," he said. Lamborghini sold 741 cars in the United States in 2008, down 20.3 percent compared with 2007.