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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.

Evanta Barchetta gets revealed at Goodwood Revival

Evanta Barchetta gets revealed at Goodwood Revival There’s definitely an appetite for properly built, low-run retro sports cars – from proper roadsters to GTs like the David Brown’s Speedback – so the arrival of the Evanta Barchetta at the Goodwood Revival, looking like a properly sorted (and built) retro-styled Roadster, should be greeted with enthusiasm, rather than moans about ‘Garden Shed’ cars. That’s because the Evanta Barchetta is the result of a collaboration between Afzil Kahn – he of Bradford’s Kahn Design – and Evanta’s Ant Anstead, with low volume experience and expertise coming from Ant’s Evanta and design and engineering from Kahn. So it should be properly sorted.

2013 Ford Mustang Shelby GT500 to start at $54,995

The muscle-car hammer known as the 2013 Ford Mustang Shelby GT500 will start at $54,995 for the coupe and $59,995 the convertible. Both prices include the $795 destination charge. The 200-mph pony car from the Blue Oval comes with a 650-hp, 5.8-liter supercharged V8 and a manual transmission standard.