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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.

Skoda Fabia Monte Carlo Tech Edition

The Skoda Fabia Monte Carlo Tech Edition is a limited edition of the already limited edition Fabia Monte Carlo, with added equipment. We all understand that producing limited edition cars adds a bit of showroom gloss, with car makers adding something extra – and often unique to the model, to create a ‘Limited Edition’ with extra equipment to boost sales. But is it stretching things a bit far when a car maker takes an already ‘Limited’ edition car and bolts more goodies on to it to create a ‘new’ limited edition?

Banks Power joins Mike Ryan Motorsports for Pikes Peak run

Gale Banks is heading back to the Pike’s Peak International Hill Climb on June 30. Banks has partnered with Mike Ryan Motorsports and his Freightliner Cascadia Class 8 semitruck racer. Semis race in the Pikes Peak Open class, which is reserved for cars and trucks that look stock from the outside but retain little of the original design.