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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.

Pagani Huayra Roadster planned

Pagani reveals there will be a Huayra Roadster by 2014 We had so many stories on the Pagani Huayra through January and February we began to wonder if there were any angles left to cover. From the first teases on the Huayra from Pagani to our world-exclusive reveal of the first official photo of the Huayra, we covered every base there was to cover before the launch. But Huayra stories have disappeared from the headlines as we wait for Pagani to actually make a car or two for customers and some real-world shots.

Budget 2009 - UK gets £2000 scrappage scheme

By Ben Pulman Motor Industry 22 April 2009 15:15 Chancellor Alistair Darling has announced a £2000 car-scrapping incentive, and a surprise 2p per litre increase in fuel tax in the latest budget. Darling delivered his Budget speech at 12.30pm GMT today. Scroll down the page to see our edited highlights of the 2009 Budget, read in-depth details of the scrappage scheme and see how the motor industry has responded.