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VW take control at Italdesign Giugiaro through Lamborghini.

Maserati Merak - by Giugiaro Perhaps it makes sense politically for an Italian company to takeover another, but the outcome is the same – VW has taken a majority stake in Italdesign Giugiaro – 90.1% – through its Italian subsidiary Lamborghini Holdings S.p.A. Just as we expected. And there’s a lot of sense in this move by VW – even if they are going back on their stated intent to end the acquisitions – as there’s a strong history with Giugiaro.

Opel to revive Monza line with Frankfurt-bound concept

Opel will unveil a new concept aimed at reviving the Monza line at September's Frankfurt motor show, according to reports emerging from Germany. The concept is believed to be a large coupé showcasing the brand's latest in lightweight materials and in-car technologies. Details are scarce, but it is allegedly based on a shortened Cadillac ATS platform with a rear-wheel drive layout and will include a range of four- and six-cylinder engines with displacements between between 2.0 and 3.6-liters.

A new batch of Ford Mustang Cobra Jets is on the way to racers

The 40th Anniversary 2008 Mustang Cobra Jet, announced about a year ago, has been such a huge success for Ford Racing that the company will build a 2010 model, available later this year. Like the '08 CJ, just 50 examples of the turnkey race car will be built, the minimum number to homologate the car for competition in National Hot Rod Association events. An '08 Cobra Jet won its inaugural event in the Stock Eliminator Class in February at the NHRA Winternationals in Pomona, Calif., just as the original 1968 Cobra Jet did.