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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.

White House pushes automakers toward 54.5-mpg target by 2025

The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.

Maserati shows Alfieri concept at the Geneva motor show

It's named the Alfieri concept, which Maserati will be the first to tell you is not the "Guyfieri." Otherwise, it'd come with a golden roof, a Ferrari V8 slathered in beer batter, and a deep-fried interior reeking of Cheetos and desperation. Make that balsamic vinegar, according to Maserati, the dark condiment evidently imbued with "a centenary tradition of craftsmanship and passion." Much like Maserati's celebration of its 100-year history at this Geneva auto show, as represented by the silver ingot shown above. Indeed the Alfieri concept, a gorgeous wide-grilled sports car more in line with the Porsche 911 than its own GranTurismo, is a celebration of Alfieri Maserati, one of the five brothers who founded the eponymous company.