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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.

First Sight: Smart Fortwo and Forfour

"Dress-down Wednesday," remarked a colleague as Daimler CEO Dieter Zetsche walked on stage wearing jeans and no tie. While it was a hot day in Berlin, Zetsche's excuse for his informal attire was the occasion – the new Smart is here. Its prospective owners, he explained – young, urban consumers with an active lifestyle, not the typical members of corporate Germany – adhere to a different, if similarly rigid etiquette.

2015 Cadillac Escalade – it’s still big, bold & brash

The 2015 Cadillac Escalade arrives – it’s still big, bold & brash The Cadillac Escalade SUV is not a car you see much in the UK, but it is loved by footballers, Rappers and those who deal in less than legal substances. It’s really too big, too brash and too flashy to ever have a hope of making real sales in the UK or Europe, but in America it’s the default luxury SUV of choice for even the most staid of buyers. So they won’t be disappointed that the 2015 Cadillac Escalade (which we would think of as a 2014 Escalade, as production starts next spring) is still huge and brash, even if it does seem to have gone up a notch or two in quality.