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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.

New Range Rover Sport hits a BCA Auction for the first time

The New Range Rover Sport crosses the auction block for the first time Where do Land Rover dealers get their best used cars from? A closed Land Rover sale run by BCA for dealers where there’s the pick of used Land Rover and Range Rover models to choose from, that’s where. And at this week’s closed Land Rover auction at BCA in Nottingham the first examples of the new Range Rover Sport where on offer, and fetched strong prices.

VW Golf R Cabriolet Concept (2011) arrives at Worthersee

VW Group's slow reveal of one-off concept cars continues at the Worthersee Tour on the shore of Lake Worthersee in Austria. This time it's parent brand VW, who have released details on its Golf R Cabriolet concept. VW Golf R Cabriolet Concept: the top-down Rather than inject its supermini with 496bhp steroids or decapitate its rally car, volkswagen has decided to blend two of its most recent Golf variants, merging the Golf Cabriolet's roofless bodyshell with the Golf R's four-wheel-drive powertrain.