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VW take control at Italdesign Giugiaro through Lamborghini.
Tue, 25 May 2010Maserati Merak - by Giugiaro Perhaps it makes sense politically for an Italian company to takeover another, but the outcome is the same – VW has taken a majority stake in Italdesign Giugiaro – 90.1% – through its Italian subsidiary Lamborghini Holdings S.p.A. Just as we expected. And there’s a lot of sense in this move by VW – even if they are going back on their stated intent to end the acquisitions – as there’s a strong history with Giugiaro.
Saab calls off deal with Chinese automaker
Thu, 12 May 2011Saab parent Spyker Cars NV said Thursday that a strategic partnership deal with China's Hawtai Motor Group that would provide cash to help Saab turn around its business has been terminated. As a result, Saab may enter into a new strategic partnership with Hawtai or another Chinese party on manufacturing, technology and distribution in China, Spyker said in a release. "Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect.
Aston Martin’s 2015 Lagonda saloon revealed on way to Oman
Fri, 29 Aug 2014By Tim Pollard First Official Pictures 29 August 2014 08:13 Aston Martin’s wedgy new Lagonda super-saloon was flown to Oman for testing this week, affording us this fresh look at the Middle East-only four-door. Oman Air publicised its role in transporting this prototype out to Muscat ‘as part of its early testing programme.’ We hope it travelled first class; the Lagonda will only be offered on sale to its wealthiest clients in the region. It’s only one month since Aston Martin confirmed the Lagonda project and issued a solitary teaser image of the saloon, side-on and shrouded in shadows.