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Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.

Infiniti Q50 Eau Rouge performance concept storms 2014 Detroit Show

The Infiniti Q50 has been designed to take on the BMW 3 Series – but Infiniti is trying to attract a more youthful set of customers and efficient diesel and hybrid saloons aren’t exactly going to gain any favour with the young crowd. Enter the 2014 Infiniti Q50 Eau Rouge concept debuting at this year’s North American International Auto Show (NAIAS) in Detroit. This thing has been designed to take on the mighty BMW M3 and could well have the weaponry to succeed.