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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.

2012 Renault Twingo Facelift revealed

Renault Twingo gets a new nose for 2012 The Renault Twingo is Renault’s smallest car, and not one we Brits have really taken to our hearts, at least not unless we need very basic hire car when in Europe. So a 2012 facelift for the Twingo may not be huge news, but it is the last step on the way to an all-new Twing0 which will share its underpinnings with the next generation Smart and, we assume, become rear wheel drive in the process. The facelift we get on the Twingo looks like it’s going to be just the nose, as that’s the only photo Renault has released, unless they have a surprise in store for the Twingo when it arrives at Frankfurt in September.

The no-show cars: a reader rant on mad concepts

Instigated by Harley Earl at General Motors in the late 30s with the quaintly named Buick Y-Job, show cars, or concept cars, were presented to an excited public eager for new things. As the world recovered from a depression and then a war, these vehicles pointed to a better future that many people believed in, including the people who produced them. And, although many of the concept cars of the 50s, with their Jetsons plexiglass roofs and notional nuclear powered engines seem ludicrous now, in their time they weren’t that cynical.