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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.
Lotus Evora S GP Edition: Lotus evokes its GP history
Wed, 12 Oct 2011Lotus Evora S GP Edition - just 3 being built. There was a time when the tobacco giants were seemingly single-handedly responsible for sports sponsorship, and perhaps the most evocative memory of that is the John Player Special F1 cars from Lotus. And now they’re back – in a sense – with the Lotus Evora S GP Edition.
Toyota FT-86 to get Subaru 2.0 litre Boxer engine
Fri, 29 Apr 2011The Scion FR-S Concept - the North American Toyota FT-86 It’s actually starting to look as if Toyota – and Subaru, for that matter – are really going to finally get their respective fingers out and deliver to the market the affordable sports cat they’ve been promising for the last two year. The original Toyota FT-86 surfaced in 2009 with a promise of affordability and fun and we all got quite excited, especially as it was a surprisingly brave move for an increasingly bland and corporate Toyota. But then everything went rather quiet.