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Volkswagen to buy Italdesign-Giugiaro
Wed, 19 May 2010Italdesign-Giugiaro S.p.A could soon become another group under the Volkswagen AG umbrella, according to Automotive News Europe. The industry publication cites two sources that claim the German company is set to buy a controlling stake in Italy's largest design and engineering firm, a deal which could be clinched as early as next week. Founded by Giorgetto Giugiaro and Aldo Mantovani in 1968, Italdesign-Giugiaro currently has 975 employees and 800 CAD workstations.
What VW should do next
Thu, 23 Nov 2006By Georg Kacher Motor Industry 23 November 2006 09:59 A new boss takes the reins of VW in January, and Martin Winterkorn has some big decisions to make about VW's plans. VW's future model policy lacks variety. But it's been like that for years, with the people's car maker slow to pick up on booming niches like mid-size MPVs and SUVs, or folding tin-top cabrios.
D-day for General Motors: GM files for bankruptcy
Tue, 02 Jun 2009By Tim Pollard Motor Industry 02 June 2009 06:57 General Motors today faces the humiliation of collapsing into bankruptcy. It marks the 1 June deadline imposed by US president Barack Obama for the General to sort out its business – or seek protection from creditors in the bankruptcy courts. As we’re all too painfully aware, GM has been unable to perform miracles, triggering one of the greatest industrial collapses seen in American corporate history.