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Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

People's Car Project concepts showcased

Volkswagen is currently showcasing three of its vehicle and technology concepts created under the ‘People's Car Project' at this year's Beijing auto show. The Hover Car, the Music Car and the Smart Key concepts – created by users of the website, which has seen 33 million visitors – are just three of more than 119,00 ideas submitted, leading the project to be indefinitely extended as Volkswagen uses the findings to influence its future design strategy. The ‘Hover Car' is an environmentally friendly two-seater city car that, unsurprisingly, hovers above the ground.

Lexus Refreshes Popular CT 200h

DEMONSTRATING the importance of China’s Guangzhou motor show, Japanese luxury car maker Lexus chose this venue and not its home market show to unveil its refreshed CT 200h. Just as the Guangzhou show is a big deal, the CT model range has become an increasingly important part of the car maker’s business. For example, in the UK it’s the dominant Lexus model.