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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.
Mecum to auction part of baseball great Reggie Jackson's car collection
Thu, 29 Jul 2010Baseball Hall-of-Famer and five-time World Series winner Reggie Jackson bought his first car before he could legally drive. And while that Ford won't be offered at the Mecum Monterey Auction, 15 cars from his collection will. A 1969 ZL1 COPO Camaro is among the headliners to cross the auction block.
New Lexus RC Coupe for 2013 Tokyo Motor Show
Mon, 04 Nov 2013Could this be a late entry into our gallery of the scariest cars to see in your rear-view mirror? It’s called the Lexus RC Coupe, and it’s a brand new sporting three-door model from the Japanese luxury marque, headed for showrooms in 2014. Before then it will debut at the 2013 Tokyo Motor Show on 20 November.