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Ferrari 599 GTO (2010) first official pictures
Thu, 08 Apr 2010This is the new Ferrari 599 GTO, a very special limited-edition Italian supercar that takes inspiration from the track-only, £1.3m 599XX. Just 599 will be built (appropriately enough) and Ferrari is claiming this 661bhp beast is its fastest ever road car. And you should be.
Volkswagen to buy Italdesign-Giugiaro
Wed, 19 May 2010Italdesign-Giugiaro S.p.A could soon become another group under the Volkswagen AG umbrella, according to Automotive News Europe. The industry publication cites two sources that claim the German company is set to buy a controlling stake in Italy's largest design and engineering firm, a deal which could be clinched as early as next week. Founded by Giorgetto Giugiaro and Aldo Mantovani in 1968, Italdesign-Giugiaro currently has 975 employees and 800 CAD workstations.
Ford cuts CEO's compensation 37%
Wed, 25 Mar 2009Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.