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VW to announce Italdesign takeover on Tuesday

Volkswagen 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.

Hamilton wins in Hungary

Hamilton takes McLaren's firts win of the season at the Hungaroring Hamilton passed Red Bull’s Mark Webber early in the race, and found himself at the front of the pack when Alonso retired after a botched wheel change saw him lose his front wheel. Despite the pressure from Raikkonen Hamilton never really looked in danger of losing the lead and brought the McLaren home in first place for the first time this season. Team mate Kovalainen came in fifth, making this McLaren’s best showing of the season.

Jaguar XE / Jaguar F-Type spied

Jaguar XE Spied - looking like a chopped XK To be honest, we don’t even know now whether Jaguar will call their new, smaller sports car the Jaguar XE or Jaguar F-Type, as there’s talk of them ditching the iconic Jaguar badging in favour of a Germanic numbers-based moniker across the range. But whatever Jaguar do finally decide to call their new small sports car, we know it’s officially in the planning and has been for more than a year. And now it’s out playing, albeit wrapped up in a chopped XK.