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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.

2012 Saab 9-5 SportCombi: More photos +video

Saab 9-5 SportCombi - Debuts at Geneva It’s good to see Saab suddenly bursting in to life. We’re sure Saab don’t see it that way, having no doubt slaved away for the last year to get business back to some sense of normality after the GM sale debacle, but from outside that’s how it seems. Still, the flurry of activity heading in to Geneva is good to see.

Autoweek in review: What you may have missed

It was a slower week in the newsroom as 2012 winded down. On Monday, we learned how motorcycles were coming back and got some ideas for last-minute holiday gifts. In the racing world, the Trans Am Series announced that it’s expanding the 2013 race schedule.