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VW to announce Italdesign takeover on Tuesday

Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.

Detroit Electric, Geely to develop fleet EVs for China

Geely Automobile Group and startup electric automaker Detroit Electric Inc. have agreed to develop electric vehicles and electric drivetrains for sale in China. Under the deal, the first EV will be a modified version of Geely's Emgrand EC7, which will go on sale early next year.

Mitsubishi Evo XI Hybrid Diesel confirmed

Mitsubishi Evo XI Hybrid Diesel Confirmed There was much speculation earlier this year that Mitsubishi were going to drop the Evo from its range, leading to much angst amongst teenage boys with pizza faces. But we reckoned we would instead see the new Mitsubishi Evo XI arrive with a hybrid powerplant. And so it is.