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Volkswagen says Italdesign purchase will boost its growth strategy
Tue, 25 May 2010Volkswagen 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.
Saab 1947-2009: GM 'will close Saab'
Fri, 18 Dec 2009By Tim Pollard Motor Industry 18 December 2009 20:33 It's a sad day for Saabphiles, as GM announced – one week to the day before Christmas – that it has failed to find a buyer for Saab. It will begin winding down the Saab operation immediately. There had been a glimmer hope for Saab earlier this month, as supercar maker Spyker stepped in as a possible suitor after similarly small sports car specialist Koenigsegg walked away from a potential deal in November 2009.But GM admitted it could not viably sell Saab to Spyker – and no other bidders were forthcoming.
BMW 4-series configurator goes live
Tue, 09 Jul 2013The configurator for the 2014 BMW 4-series is live at www.bmwusa.com. Potential buyers can check out the new coupe and flip between 12 colors, two engines and three main trim levels. We first saw the BMW 4-series concept in Detroit back in January and we took a deeper look in June.