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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.
One Lap of the Web: The Worst Cars in the World Edition
Mon, 31 Mar 2014-- The first annual "Wal-Mart Car Show" is actually an Internet gallery featuring wood-bedecked Oldsmobiles, sponged minivans, Avatar tribute Silverados, and Subaru Outbacks with giant logs for bumpers. There's no offical judging, so feel free to draw your own conclusions about the drivers of these questionable vehicles. -- A Mitsubishi has many similarities to a Ferrari.
Toyota halts sales of eight models as plants wait for new pedals
Wed, 27 Jan 2010Toyota Motor Corp. has suspended sales of eight models as its assembly plants wait for redesigned replacements for faulty accelerator pedal mechanisms. The sales halt will be followed by a production shutdown next week at five North American plants, Toyota said late Tuesday.