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VW to announce Italdesign takeover on Tuesday
Mon, 24 May 2010Volkswagen 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.
Kia Sportage (2010) first official pictures
Wed, 03 Feb 2010These are the first pictures of the new Kia Sportage, the Korean car company's latest compact SUV. It will be unveiled at the 2010 Geneva motor show next month, and UK sales start in the autumn. It’s up against everything from the Nissan Qashqai to the Ford Kuga, and underneath it sits on the same platform as the new Hyundai ix35 – the pair will roll out of the same Slovakian plant.
Ferrari will launch first hybrid in 2013
Wed, 25 Apr 2012Ferrari will offer its first gasoline-electric hybrid system in 2013. The technology will be featured in the as-yet-unnamed car that will replace the limited-edition Enzo. "We are entering the market with our Formula One-derived hybrid system, which will slash fuel consumption and increase performance," Ferrari CEO Amedeo Felisa told Automotive News Europe on the sidelines of the Beijing motor show.