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Volkswagen to buy Italdesign-Giugiaro

Italdesign-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.

AAA unveils battery-charging trucks for stranded EVs

The American Automobile Association has unveiled an example of its new roadside-assistance truck, which is capable of recharging batteries for stranded drivers of electric vehicles. AAA first announced the plan in June, and the first truck was shown on Monday at the Plug-In 2011 electric-vehicle conference in Raleigh, N.C. It uses Green Charge Networks technology and has a removable lithium-ion battery pack that allows for mobile charging.

General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.