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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.
SSC Ultimate Aero II (2011) – First Photos
Sat, 04 Sep 2010The SSC Ultimate Aero II (pics thanks to Jalopnik) The car world may have been in melt down for the last year or three, but some things are beyond recession. Ultimate hypercars is one, and it seems there are as many uber-wealthy people on the planet who are willing and able to indulge their desires for the best there can be as ever. Of course, we’re talking minuscule numbers of people to make the whole hypercar circus work.
Lotus Evora UK Prices revealed at Geneva
Thu, 05 Mar 2009Lotus Evora 2+2 - UK Car Prices announced at Geneva '09 The first four (ish) seater Lotus in a generation, the Evora is powered by a 3.5 litre V6, which manages to produce 276bhp and 252ft/lbs of torque. The Toyota sourced engine manages a 0-60 of around 5 seconds, and on to a top speed of 160mph. And the Evora does a pretty decent job with emissions and economy, especially considering its performance.