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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.

2011 Ford F-150 powertrain lineup overhauled

WITH VIDEO -- A V6 in America's best-selling pickup? Ford enthusiasts know there has been a six-cylinder engine available in F-Series pickups most years since the truck's debut in 1948. But never has so much combustion efficiency been seen in any of them until now.

Want to be a Racing Driver? Fiat’s Abarth could have the answer

Win the chance to be a racing driver with Abarth It’s every boy’s dream to be a racing driver and get behind the wheel of a race car for real, and Abarth - the go-faster bit of Fiat – may just be able to give you a leg-up in the right direction. Abarth are running a competition to find new racing drivers, with the winners of the competition being taken off to a 10-day camp to be assessed by motorsport coaches and helped by race car instructors. If you want to take part you’ll need to be over 18, not a professional driver already and willing to jump through a few hoops to get the chance to win a place at camp, and ultimately take part in a proper race at Monza.