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Nissan's Qashqai grabs top award

NISSAN'S Qashqai crossover has been voted ‘Used Car of the Year’ by used car pricing experts CAP – for the second year in a row. A panel of judges comprising of used car market and vehicle valuation experts at CAP said: “The Nissan Qashqai has created an entirely new ‘crossover’ sector and prompted other manufacturers to follow by marrying the practicality of a people carrier with the looks of a quality 4x4. By achieving this in a package that also offers economy, handling, strong build quality and reliability the Qashqai has become the perfect used car for our time.” The panel noted that strong demand meant the Qashqai was always highly sought after by trade buyers and customers alike, meaning it depreciated slowly and outperformed the general market.

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.

Jaguar-Land Rover officially sold (2008)

By Ben Pulman Motor Industry 02 June 2008 15:37 Jaguar and Land Rover are now officially Indian-owned. The sale of the two iconic British brands was completed today, and ownership has now passed from Ford to Tata in exchange for $2.3bn in cash (£1.17bn). The sale means Jag/LR is debt-free, with none of the money used to fund the purchase being offset against the pair’s worth.