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Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

Aston Martin to continue with V12 engine as well as new Mercedes AMG V8

Aston’s Flagship cars, like the Vanquish (pictured) will still offer the V12 engine Aston Martin has certainly been looking to the future with renewed optimism over the last year as a series of deals gave them a lifeline to remain competitive in an increasingly corporate car world. Extra funding came in thanks to the involvement of Investindustrial’s new stake in Aston Martin, and a deal has been done with Mercedes AMG to supply new V8 engines and electronic architecture. Not only that, but Aston Martin are developing a new platform for their future range of cars, with the biggest investment in Aston Martin’s history.

Ford Fiesta earns top ranking from Insurance Institute for Highway Safety

The 2011 Ford Fiesta earned a Top Safety Pick from the Insurance Institute for Highway Safety (IIHS). It is the first minicar to earn the pick since the introduction of a new roof strength test. The award applies to vehicles built after July 2010.