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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.

Production BMW i3 EV teased ahead of reveal

BMW are teasing the production version of the i3 with this silhouette We’re sure there will be a few surprises in store when BMW finally reveals the production version of the electric i3 at the end of July, but does it really warrant a tease? The small BMW i3 City Car has been around since BMW revealed it as a concept (and changed its name from Megacity Vehicle to i3) two years ago. And the production i3 will be revealed two years to the day from the arrival of the i3 concept, on 29th July.

Red Tails Mustang joins auction at AirVenture Oshkosh

Ford has produced a one-off Red Tails edition of the 2013 Ford Mustang GT for an auction at the Gathering of Eagles charity event on July 26. The event will take place during the Experimental Aircraft Association (EAA) AirVenture Oshkosh 2012 at Wittman Regional Airport in Oshkosh, Wis. Proceeds will benefit the Young Eagles program, which provides free introductory flights for young people.