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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.

The great Tesla bubble of 2013

Do I go too far out on a limb to suggest Tesla is the modern-day version of the Great Tulip Bubble of March 1637? Remember, that was when speculators drove prices of just-introduced tulip bulbs to astronomical heights. Some single bulbs cost more than 10 times an average working man's salary.

Geneva Show 2014: Hot Audi S1 arrives

ONE OF THE smallest cars on the Audi stand at the Geneva Motor Show was also grabbing the most attention, as the German firm unveiled the new S1. Based on the A1, the smallest Audi in the range, the S1 also takes inspiration from the strictly limited edition A1 Quattro that appeared in 2012. Packing a turbocharged 2.0-litre engine under its compact bonnet it is comfortably the fastest A1 in production, with a top speed limited to 155mph and 0-62mph taking 5.8 seconds.