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Pininfarina family to lose control of company

The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.

UK drivers change cars as often as their mobile phone

DRIVERS in the UK change their cars as often as they swap to a new mobile phone. In the past 10 years, the average British motorist has owned four mobile phones and four cars. A study by Privilege shows that most drivers own an average of seven cars in their driving career, even though that figure includes four cars in the past decade.

Rinspeed XchangE concept rethinks the autonomous car's cabin

Rinspeed's XchangE all-electric touring sedan concept has been confirmed for the Geneva motor show, and focuses on how future drivers will spend their time in autonomous cars. Founder Frank M. Rinderknecht says, "So far hardly anyone has taken this to its logical conclusion from the perspective of the driver.