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Marchionne says he'll likely step aside from Chrysler in 2015 or 2016

Chrysler CEO Sergio Marchionne on Wednesday hinted that he will be stepping aside from the helm of the U.S. automaker within five years. During a question-and-answer session at the 2011 Management Briefing Seminars in Traverse City, Mich., the 59-year-old executive said Chrysler's future plans "will be up to the guy after me--after 2015 or maybe a year later….

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.

Mazda MX-5 GT Concept debut at Goodwood Festival of Speed

A Mazda MX-5 GT with 205bhp is to debut at the Goodwood Festival of Speed to gauge customer reaction for a production GT. We do tend to think that MINI are the masters of the limited edition model, but Mazda come close with special editions of the MX-5. At Goodwood this week we’re going to be treated to the latest MX-5 special with the debut of the MX-5 GT, sporting 205 bhp from its naturally aspirated 2.0 litre.