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VW to announce Italdesign takeover on Tuesday
Mon, 24 May 2010Volkswagen 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.
GT Academy gamer team lands on the podium at the 24 Hours of Dubai
Mon, 16 Jan 2012The last time we spoke with Bryan Heitkotter in November, he was preparing for the 24 Hours of Dubai with his three teammates from the GT Academy. Now the 30-year-old gamer has a podium finish under his belt. RJN Motorsport's GT Academy team, headed up by owner Bob Neville, took third place on Jan.
Saab unions threaten bankruptcy action over unpaid wages
Thu, 23 Jun 2011Unions at Saab, which is unable to pay wages to its workers, threatened today to start a legal process that could end in bankruptcy for the iconic brand. The IF Metall and Unionen groups said they would send a formal demand for payment on Monday if their members had not received their wages. "Then the company has seven days to react," IF Metall representative Veli-Pekka Saikkala told Reuters.