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IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.

Daihatsu's funky Cube rival on the way

By Ben Whitworth Motor Industry 29 September 2006 08:01 Daihatsu is on the verge of giving its boxy Materia supermini – which made its European debut in Paris - the green light for UK imports. If given the green light the spacious five-seater, which is already on sale in Japan, would arrive here next spring as a stand-alone topend model. The Materia is very similar to Nissan's does-it-exactly-what-it-says-on-the-tin Cube, which has been super popular with Japanese kids.

GM greenlights Chevy Spark, Orlando for production

Two more fuel-sipping Chevrolets will be coming to North America in 2011. The Chevy Beat concept is now called the Spark, and along with the Orlando multi-purpose vehicle, has been greenlighted for production. They will be sold around the world, including in the United States.