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VW to announce Italdesign takeover on Tuesday
Mon, 24 May 2010Volkswagen 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.
Car insurance 'ghost broker' jailed
Tue, 29 Oct 2013A "GHOST BROKER" from south-west London has been jailed at the Old Bailey for what is believed to be the UK's biggest fake car insurance scam, police said. Danyal Buckharee created four websites offering cheap car insurance and used paid-for advertising to ensure his online enterprises appeared at the top of internet searches. Between May 2011 and April last year he used the websites to dupe 600 drivers into buying worthless policies over the phone, the investigation by City of London Police's Insurance Fraud Enforcement Department (IFED) found.
Hyundai Equus gets a stretched version in South Korea
Tue, 29 Sep 2009In the luxury game, bigger is better. So it shouldn’t be a surprise that Hyundai has launched a stretched version of the Equus sedan in its home market. It’s called the Equus limousine, and it gets an extra foot added to its wheelbase, stretching the car’s overall length to 215 inches for nearly 18 feet of luxury car.