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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.

Nissan Patrol breaks obscure Guinness World Record

The Nissan Patrol, a cooler-looking version of the Infiniti QX80 with a Nissan front end, broke a Guinness World Record on Thursday at Sharjah International Airport in the UAE. The nearly 3-ton truck pulled a 170.9-ton cargo plane for more than 164 feet (50 meters), breaking the previous record for “Heaviest aircraft pulled by any production vehicle” by 15 tons. The previous record was attributed to the Volkswagen Touareg that pulled a Boeing 747 at 155 tons.

Whos Where: Pierre Authier to become Vice President of Design for Opel/Vauxhall

 Pierre Authier is thought to become Vice President of Design for Opel/Vauxhall, leaving his current role as Peugeot Design Director, according to a source from within the PSA design department. The position has been up for grabs since the shock dismissal of Dave Lyon just days before he took up the position in Rüsselsheim, Germany last month. Authier has been at Peugeot since the start of his career in 1998, first working on the 307 model and most recently responsible for the well-received 208 supermini.