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VW to announce Italdesign takeover on Tuesday
Mon, 24 May 2010Volkswagen 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.
Bahrain Grand Prix Cancelled – revealed on Twitter
Mon, 21 Feb 20112011 Bahrain Grand Prix Cancelled Bernie Ecclestone said the cancellation or not of this season’s F1 opener in Bahrain would be down to Crown Prince Salman bin Hamad bin Isa Al Khalifa who was in the best place to judge. But it was actually the Bahrain State’s Information Affairs Authority who made the announcement this afternoon that this year’s Bahrain Grand Prix – due to be staged at the Bahrain International Circuit on March 13th – would not go ahead. The announcement said that “Bahrain’s priority is on overcoming tragedy, healing divisions, and rediscovering the fabric that draws this country together.” Which seems a great deal more important than a bunch of rich guys driving round in circles for the world’s entertainment.
Aston Martin may build Maybachs for Daimler, reports say
Thu, 23 Dec 2010Aston Martin is in talks with Daimler AG over a potential partnership that would see the British luxury carmaker design and build a new Maybach ultraluxury sedan for the German automaker, Europe press reports said. Aston Martin may take engine technology from Daimler in exchange for building Daimler's Maybach cars, the Financial Times said on Wednesday, citing people close to the situation. German automotive magazine Auto Zeitung said Daimler has already commissioned a mock-up of a new Maybach limousine that would use know-how and parts from Aston Martin.