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Porsche reports big drop in sales

Well, it’s not exactly a surprise, given the doom and gloom in the industry at the moment, but Porsche has just reported a 27% drop in sales, down to 34,000 units, over the last six months. As you would expect, some models fared worse than others. The recently updated Porsche 911, which has had mid-cycle tweaks including the new PDK ‘box, held up pretty well.

Michelin Challenge Design 2009 preview

Michelin is continuing to profile the work of some of the leading contenders for its annual Michelin Challenge Design competition, which asks the design community to come up with proposals for "America's Next Iconic Vehicle". All 11 of the scale models and 24 two-dimensional drawings in the running will be exhibited at the 2009 NAIAS in January. Earlier this month, we featured three of these scale models following their selection by a jury of top automotive designers.

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.