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VW to buy Italdesign Giugiaro, sources say

Volkswagen AG will buy a controlling stake in Italy's largest design and engineering firm, Italdesign Giugiaro S.p.A., two industry sources confirmed to Automotive News Europe. One of the sources said that an announcement could come as early as next week. Italdesign and VW representatives declined to comment.

Arrest made in Paul Walker Porsche parts theft

An arrest has been made in an apparent theft of a piece of the destroyed Porsche Carrera GT involved in a Saturday crash in California that killed actor Paul Walker, CNN is reporting. A number of cars had reportedly followed the tow truck that was transporting the wreckage to a police facility. When the truck stopped at a red light, the occupant of one of the vehicles, alleged to be 18-year-old Jameson Witty, ran up to the truck and retrieved a piece of the wreckage, a T-top roof panel of the red Carrera GT, He later posted a photo of it on Instagram.

Best new car sales in six years

RECORD new car sales achieved a six-year high in 2013, the motor industry has announced. A total of 2,264,737 new cars were registered in 2013 - a 10.8% rise on the 2012 figure and the best annual total since the pre-recession year of 2007, the Society of Motor Manufacturers and Traders (SMMT) said. The 2013 total was boosted by a 23.76% rise, to nearly 153,000, in sales in December - the 22nd successive month of increases.