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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.

J. D. Power study: Consumers don't fret about reliability as much

The mantra that all cars are reasonably good is beginning to resonate with consumers, and a J. D. Power study found that reliability is less of a concern for shoppers than it previously was.

BMW M1 Hommage to show at Melbourne

[ad#ad-1] BMW has announced that it is going to use its M1 Hommage (or Homage, if you’re not German) as the centre piece of it’s stand at the Melbourne Motor Show in February. The BMW M1 Hommage was created last year to celebrate 30 years from the M1 road car creation in 1978, and was developed by BMW’s M Division. The M1 Hommage takes many styling cues from the original M1, such as the air vents on the bonnet, the louvres on the rear window and the round decals at the extremes of the wings, but makes a distinctly 21st century take on the original.