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KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

New 2013 Range Rover revealed

Land Rover has today revealed the all-new Range Rover ahead of its debut at the Paris Motor Show on 27 September. The new all-aluminium L405 Range Rover is lighter, greener and more refined than the current model: prices will be announced in early September and deliveries will start in early 2013. Driven: Range Rover TDV8Kahn Design Diamond Jubilee Edition Range RoverWe drive the Queen's Land RoversOverfinch reveals £89,995 Range Rover EvoqueDriven: Overfinch Range Rover