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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.

India Vehicle Design Summit 2014 announced for April

The India Vehicle Design Summit 2014 will be the first in its history to focus exclusively on the ‘design and styling' of commercial and passenger vehicles. Taking place at The Corinthians Resort and Club in Pune from 24-25 April, the summit will feature speakers from brands including Jaguar, Ferrari and McLaren and industry experts from companies such as Volvo, GM and Tata as well as institutions such as the National Institute of Design in India and London's Royal College of Arts. Confirmed speakers include Volvo China's chief designer Gustavo Guerra, renowned designer Peter Stevens and Anil Saiini, director of design at GM India.

Toyota to premiere five concepts in Tokyo

Toyota is the latest carmaker to announce the contents of its show stand for the upcoming Tokyo motor show, with five new concepts being unveiled. The latest development of the Fuel Cell Vehicle (FCV) Concept will make its debut – previewing a production model that could launch next year – alongside concepts exploring the future of taxis and compact MPVs. We'll also see the introduction of the FV2 (Fun Vehicle 2) concept, which Toyota says is designed to capture its ‘fun-to-drive' philosophy, and the Aqua G Sports concept.