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Volkswagen to buy Italdesign-Giugiaro

Italdesign-Giugiaro S.p.A could soon become another group under the Volkswagen AG umbrella, according to Automotive News Europe. The industry publication cites two sources that claim the German company is set to buy a controlling stake in Italy's largest design and engineering firm, a deal which could be clinched as early as next week. Founded by Giorgetto Giugiaro and Aldo Mantovani in 1968, Italdesign-Giugiaro currently has 975 employees and 800 CAD workstations.

Touring Superleggera Disco Volante and Ralph Lauren Bugatti win at Villa d'Este

The Touring Superleggera Disco Volante was the surprise winner of the Design Award for Concept Cars and Prototypes at 2013 Concorso d'Eleganza Villa d'Este. It beat the likes of the BMW Pininfarina Gran Lusso Coupe, Aston Martin CC100, Infiniti Emerg-E and McLaren P1, although it should be said that BMW, as a major sponsor of the event, dosn't enter its cars into the vote. The Alfa Romeo-based sports car once again proved that if it's red Italian and with a Milanese connection, it's a dead cert for winning the prize, voted for by both the judges and the general public.

Redesigned Ford Mustang scores high mpg for V8

Completing the fuel-economy story for the redesigned 2011 Mustang, Ford said on Tuesday that the V8-powered pony car is rated at 26 mpg on the highway and 17 mpg in city driving. That compares with a 16 mpg/24 mpg city/highway rating for the 2010 Mustang. The highway rating was achieved with the six-speed manual transmission.