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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.

New 2015 BMW X6 Facelift: OFFICIAL – Price from £51,150

The 2015 BMW X6 (pictured) officially arrives Yesterday saw the facelift for the BMW X6 leak out, with a handful of photos showing the styling tweaks BMW has wrought for the updated version of the ‘X5 Coupe’, but we now get the official reveal with full specs and information. As yesterday’s photos showed, BMW has updated the X6 with styling cues borrowed from the new X5 (and, to a degree, from the new X4, the X6′s little brother) with a new treatment for the front and back ends that make the new X6 look less slab-ended than the current model. That means new contours for the front bumper with larger air intakes, a matt aluminium kidney grill and a rear apron with diffuser, stainless steel exhausts with black chrome tail pipes, 20″ alloys and Ferric Grey mirrors on the X6 M50d.

China's Pang Da, Youngman agree to buy Saab

Chinese firms Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. have agreed to buy Saab for $142 million (100 million euros).