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Volkswagen Group wants to cut costs by selling the Italdesign company BMW M1
VWCorporate / FinancialDesignNews

Breaking News: Volkswagen Group wants to cut costs by selling the Italdesign company

In 2010, Volkswagen Group acquired an impressive 90.1 percent stake in Italdesign, an upscale Italian design entity that gave birth to various iconic sports and supercars. While Lamborghini operated as the means of purchase, Italdesign found itself in Audi when Volkswagen Group purchased it. However, it has now become clear that Audi could be looking to liquidate Italdesign, which has...

Breaking News Legal Problems Are Rising for Scout
ScoutNews

Breaking News: Legal Problems Are Rising for Scout

Scout, the newly established off-road vehicle brand owned by the Volkswagen Group, is not a stranger to legal troubles, even if the first car, the Terra pickup, is not even expected this year. Some have led to major legal cases because of the company’s direct to consumer business model targeting car dealerships. These legal cases present the potential to have...

New Volkswagen Scirocco Rendering
VW

New Volkswagen Scirocco Rendered

The Volkswagen Group is preparing the new generation Scirocco for a release in late 2017 or at the beginning of 2018, at least this is what the rumors are saying, and two renderings with the hot model have been already released on the web, signed by the famous X-Tomi Design. We are not sure how the new Scirocco will look...

Rolls-Royce SUV Ready in 2017
Luxury CarsRolls RoyceSUV

Rolls-Royce SUV Ready in 2017

The Volkswagen Group`s subsidiary Rolls Royce, the British luxury automaker will have the chance of launching the long-awaited SUV in 2017 as the direct competitor of the Bentley SUV, which is due in 2016. Since the Bentley has already announced the upcoming of its SUV in 2016, it was now the Rolls Royce`s turn to confirm the go-ahead of its...

The signing ceremony for Guangdong Project
VW

Volkswagen Group are going to build a new factory in China

Volkswagen Group have recently announced their plans to expand production capacities in China with the construction of a new automotive plant which is to be located in Foshan, in the Southern Chinese region of Guangdong. The new plant is scheduled to begin operations around the middle of 2013, sporting a capacity of 300.000 vehicles produced yearly. VW boss, Martin Winterkorn,...