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VW to announce Italdesign takeover on Tuesday

Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.

New Porsche Cayenne (2010/2011) – it’s official

Porsche has released details of the 2010 / 2011 Cayenne We wrote the story on the 2010/2011 Porsche Cayenne starting to leak out of Stuttgart this morning, and commented that now photos of the new Cayenne are starting to surface it wouldn’t be long before Porsche got the official details to us. No sooner had we published that story than the official details from Porsche dropped in our inbox, complete with a new Cayenne photo gallery and even a new Cayenne video. You’re spoilt for choice.

No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.