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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.

Toyota Auris Hybrid – Frankfurt debut

The Toyota Auris Hybrid will be at Frankfurt Toyota are calling this the first application of their Hybrid Synergy Drive in a mainstream model. Which makes us wonder if Toyota don’t consider the Prius a mainstream model. They’re also calling this a concept, but we know that Toyota will be producing the Auris Hybrid in the UK next year, so take this as a pretty much production-ready car.

Mobility Ventures builds dealer network for its wheelchair-accessible vehicles

Mobility Ventures LLC, the current builder of the MV-1, says it has now signed more than 50 dealers. The MV-1 is the only American-built vehicle designed from the ground up for people with mobility challenges; it meets or exceeds the Americans with Disabilities Act guidelines as well as all applicable Federal Motor Vehicle Safety Standards (FMVSS). Last year, the original designer and builder of the MV-1 -- the Vehicle Production Group LLC -- was acquired by South Bend, Ind.-based AM General.