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BMW EfficientDynamics Concept teased +Video
Thu, 27 Aug 2009The BMW tease for the EfficientDynamics Concept We already know that BMW will be bringing the ActiveHybrid X6 and ActiveHybrid 7 Series, and we’ve know for a while that they will be showcasing the BMW EfficientDynamics Concept. But what is this concept? In truth, BMW has done really well to hide the details.
Volkswagen acquires Italdesign-Giugiaro
Tue, 25 May 2010The Volkswagen Group and Italdesign-Giugiaro S.p.A. today announced the next step in their successful cooperation. The Volkswagen Group will take a 90.1 percent stake in Italdesign, including the brand name rights and patents.
Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Sun, 28 Mar 2010Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced onSunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.