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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.
New Honda Insight Hybrid: Insight Exclusive gets 1.5 litre from CR-Z
Fri, 28 Oct 2011Honda Insight Exclusive gets bigger 1.5 litre IMA Hybrid You can’t blame Honda for wanting to keep a toe in the hybrid waters, especially as arch rival Toyota has all but cornered the market. But you can blame them for the rather woeful Honda Insight Hybrid which, despite offering good headline economy and a bit of a green halo, is something of a dog. However, a chunk of the criticisms levelled at the Insight were addressed by Honda last month when it revealed its nips and tucks for the Insight for 2012.
Aston Martin Rapide at 2009 Frankfurt motor show
Tue, 15 Sep 2009By Ben Pulman First Official Pictures 15 September 2009 11:30 Nearly three years after Aston Martin unveiled the concept car, the production version of the elegant Rapide saloon has been revealed at the 2009 Frankfurt motor show. It’s Aston Martin’s first four-door car and will cost around £150,000 when sales start in early 2010. No, because Aston Martin admits the rear seats are only suitable for children, or adults on shorter journeys.