Wednesday, May 26, 2010

HOt News today on the car

Volkswagen AG will acquire a 90 percent stake in hot news today 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.“The Volkswagen Group will be continuing its model initiative over the coming years and will benefit from the capacity and competence of Italdesign," Winterkorn said in a statement.VW did not give any details
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