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Magna mulls Pininfarina takeover

Canadian-Austrian parts supplier Magna International Inc. is weighing a proposal to buy Italian design specialist Pininfarina S.p.A., three sources with direct knowledge of the matter told Automotive News Europe. Earlier this month, Pininfarina's quarterly earnings report disclosed that the company could be sold as soon as Dec.

Bentley Continental Flying Spur (2013) new teaser video

Bentley is almost ready to pull the wraps off its new four-door Continental: the 2013 Flying Spur. Today, Bentley has released a new teaser video to go with yesterday's silhouette sketch, and we've also got the latest spy shots of the Flying Spur testing in Spain. Bentley's 2013 Continental Flying Spur With Bentley set to make a further announcement on 20 February, we're expecting to see the Flying Spur make its debut at the 2013 Geneva motor show in March. Powertrains will be shared with the Continental GT coupe: that means a 6.0-litre bi-turbo W12 in the flagship car, and for the first time in a Flying Spur, Bentley's new 4.0-litre twin-turbocharged V8.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.