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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.

OFFICIAL: Jaguar F-Type Coupe and F-Type R Coupe revealed (video)

Jaguar F-Type Coupe and F-Type R Coupe revealed We finally get the reveal of the Jaguar F-Type Coupe in Los Angeles, but we also get the debut of the F-Type we thought we might have to wait longer for – the Jaguar F-Type R Coupe. Whilst the F-Type Coupe and S Coupe get the same familiar V6 Supercharged engines as the F-Type Roadster, the new F-Type R gets Jaguar’s ‘R’ V8 S/C with 542bhp, a 0-60 mph of 4.0 seconds and a limited top speed of 186 mph. That means the F-Type Coupe makes the jump from the two V6 versions straight to the V8 R, missing out the regular V8 S/C found in the Roadster, but at £85,000 the F-Type R Coupe is just £5k more than the V8 S Roadster and looks a hugely promising offering.

Detroit Electric, Geely to develop fleet EVs for China

Geely Automobile Group and startup electric automaker Detroit Electric Inc. have agreed to develop electric vehicles and electric drivetrains for sale in China. Under the deal, the first EV will be a modified version of Geely's Emgrand EC7, which will go on sale early next year.