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Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

50 Years of Bond Cars at the National Motor Museum

Release the oil slick, raise the bulletproof rear screen and push the red ejector seat button in anticipation of what promises to be one of the must-see automotive attractions of 2012: Bond in Motion. Tell me more, Moneypenny 2012 will mark the 50th anniversary of Sean Connery's first utterance of the icnonic 'the name's Bond, James Bond' line, and to celebrate this celluloid milestone the National Motor Museum at Beaulieu is hosting Bond in Motion, an exciting exhibition of the fictional spy's 50 most recognisable vehicles. The year-long display of 007's cars, motorbikes, boats and other unlikely forms of transportation promises to be the largest of its kind anywhere in the world.

Ford speeds up effort to cut vehicle platforms

Ford Motor Co. is accelerating its One Ford global product development plan by reducing its target for vehicle platforms worldwide to nine from 11 previously, and by moving the target date up to 2013 from 2014, global marketing chief Jim Farley said Wednesday. "It won't be 11 platforms" as earlier planned, Farley said at the Automotive News World Congress.