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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.
BMW 328 Hommage concept headed to Concorso d'Eleganza Villa d'Este at Lake Como
Fri, 20 May 2011BMW has a history that is nearly unparalleled, and in celebration of the German company's unique blend of luxury and sport, it will showcase a tribute concept called the 328 Hommage this weekend at the Concorso d'Eleganza Villa d'Este on the shores of Lake Como in Italy. The 328 Hommage will employ a straight six-cylinder powerplant and the familiar kidney-shaped BMW grille stretched upright in dramatic fashion. The interior and exterior make heavy use of carbon-fiber-reinforced plastic and there are no doors--just deep recesses.
Porsche exhibit coming to NC
Thu, 29 Nov 2012“If you didn't go to Rennsport, you have to go to this,” said curator (and Autoweek contributor) Ken Gross. “Even if you did go to Rennsport you have to go to this.” “This” is a great collection of fantastic Porsches, brought together at the North Carolina Museum of Art in Raleigh Oct. 13, 2013 through January 20, 2014.