Clarion Drx9275l on 2040-parts.com

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.

Ford Escort set for Beijing motor show debut

Ford is set to unveil a production version of the Escort sedan at the China auto show this month in Beijing, meant exclusively for the Chinese market. The Escort was previewed in near-production concept form last year at the Shanghai motor show, and is meant to take on competitors positioned just above the Ford Focus sedan. Even though the Ford Escort has been absent from the automaker's global lineup since 2000, Ford of China is reviving the nameplate for this sub-Fusion/Mondeo model which will compete with cars such as the Volkswagen Sagitar and Chevrolet Cruze in the Chinese market.

Ford GT40 prototype sold for £4.2 million

One of four original Ford GT40 racer prototypes has sold at auction in the US for a staggering $7 million. That's £4.2 million. The Ford GT40 is famous for several things – being the product of Ford’s frustrated attempt to buy Ferrari, becoming an enormously successful Le Mans winning racing car and standing just 40 inches tall.