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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.

Black boxes in cars likely to become standard

Most people are aware of event data recorders, commonly called “black boxes,” in airplanes. Many people don't realize a variety of passenger cars also have these devices -- and they may be mandatory for 2015 model year cars. There are black boxes in about 96 percent of cars for the 2013 model year, according to the

Lamborghini Veneno: Official

The Lamborghini Veneno, a limited run Aventador LP700-4, has been officially revealed by Lamborghini with dramatic styling and 740bhp. Lamborghini tell us that all three Venenos have already been sold – at a hefty £3.12 million, no less – and the Veneno is more a street-legal track car than just a titivated Aventador. The body of the Veneno – which is named after a particularly ’Venomous’ fighting bull – is crafted from carbon fibre and is designed to achieve optimal aerodynamics with the front splitter, rear diffuser, huge rear wing and a big fin running down the middle of the roof all conspiring to make the Veneno more aerodynamic than its Aventador sibling.