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Volkswagen to buy Giorgetto Giugiaro’s Italdesign?

The Morris Ital - one of Morris Ital by Giorgetto Giugiaro's greatest (sort of) It’s probably a fair bet – or at least was and has been for some time – that Volkswagen would be in the frame to buy an motoring asset that comes on the market. Especially if that asset is in trouble and an iconic name can be grabbed for a song – or less. Which explains why the names of VW and Giugiaro’s Italdesign are being linked together as the Italian designer appears to seek a car maker to rescue it from the woes of being an independent in these rather troubled times.

Audi TTS Limited Edition coming to the UK. Price from £38,860

Audi TTS Limited Edition marks 500,000 TT sales In some ways the Audi TT seems to have been around for ever, although it was actually launched in 1998 and garnered fame as a bit of a softy aimed at hairdressers and others who valued cosmetics over ability. But the latest Audi TT is a much better car and does offer real performance and real driving fun, especially if you opt for the TT RS. In the fifteen years since the TT launched, Audi has managed to flog 500,000, and to celebrate we’re treated to a new TT limited edition – the Audi TTS Limited Edition – which comes with cosmetic tweaks and as a coupe or roadster.

Mazda SkyActiv technology goes on offer to raise funds

Mazda is looking to license their SkyActiv Technology to raise capital (CX-5 with SkyActiv pictured) Mazda are predicting losses for the current financial year of £750 million and are looking to sell their SkyActiv technology to raise cash. Mazda isn’t having the best of times at the moment, despite an impressive range of cars that are getting more interesting with Mazda’s SkyActiv technology, and are predicting that they will post a loss of around £750 million for the current financial year. There are a variety of reasons for Mazda’s financial predicament – including the strength of the Yen and the production problems after the Japanese Tsunami – but this is the fourth year in a row Mazda has posted losses.