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Ontario, California, US
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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
Designer Interviews: Giorgetto Giugiaro
Mon, 03 Dec 2012Ask any aficionado who the greatest car designer of all time is and Giorgetto Giugiaro will be the name on most lips. Responsible for more than 200 vehicles, equating to some 60-million production cars on the road as well as dozens of concepts for the world's finest car brands – not to mention cameras for Nikon, electronic organs for Bontempi and even a type of pasta – he is without equal. Born on 7 August 1938 in Garessio, northern Italy, he started his career with Fiat in the mid-1950s, aged 17.
Lexus plans small crossover
Fri, 05 Apr 2013Lexus plans to show a production-ready compact SUV to rival the Audi Q3 and BMW X1 at the 2014 Geneva motor show, a company source said. The hybrid model, which will be based on the redesigned Toyota RAV4, will slot below the Lexus RX 450h. It was unclear if or when the vehicle would come to North America.