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A heavy key chain may deactivate the airbags in your Chevy Cobalt or Pontiac G5

GM is recalling 788,000 Cobalt and Pontiac G5 sedans for a potentially deadly problem with the ignition system. When the vehicles' keys are connected to heavy key chains (or, say, key rings laden with a dozen extra keys), a sufficiently extreme jolt or impact could shift the ignition out of the "run" position and into the "off" position. Cuts electrical power to the vehicles' systems, in turn deactivating the airbags.

AMG Action! Mercedes eyes new naturally aspirated V8

Mercedes-Benz has selected the twin turbocharged 5.5-liter V8 engine to power the recently unveiled S63 AMG, CL63 AMG and CLS63 AMG, with ratings between 525 hp and 577 hp. But it's going to be a different story for the successor to the SLK55 AMG set to be revealed at next year's Frankfurt motor show. Sources within the Stuttgart headquarters suggest the new performance roadster is earmarked to receive a yet-to-be revealed naturally aspirated version of Mercedes-Benz's new 5.5-liter V8.

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.