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CarFest South 2013: the best bits of Chris Evans’ car show in pictures
Mon, 26 Aug 2013The weather wasn’t all it could have been but that didn’t stop the fun at the 2013 instalment of CarFest South at Laverstoke Park Farm near Basingstoke in Hampshire. The annual event organised by DJ, TV presenter and famous car nut Chris Evans ran over three days with a sell-out crowd helping raise money for Children in Need.MSN Cars was on site capturing the best of the cars and the atmosphere. Click through our gallery to get a feel for the CarFest South experience and see the stunning cars that were on display.
Jaguar Land Rover reveals huge profits growth
Mon, 11 Nov 2013Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.
Pininfarina family to lose control of company
Wed, 15 Feb 2012The 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.