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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.
eBay offers free vehicle-history reports
Wed, 11 Nov 2009All vehicles built since the 1981 model year listed for sale on eBay now include vehicle history reports from Experian Automotive at no cost to vehicle buyers or sellers. Starting Wednesday, the reports are available on all vehicles sold in eBay auction and classified formats, as well as for vehicles sold by dealers or by private parties, said Nicolas Franchet, senior director of U.S. vehicles at eBay Motors.
Nissan opens new design studio in Beijing
Thu, 13 Oct 2011Delayed by the deadly earthquake that hit Japan earlier this year, Nissan Motor Co.'s new design center in Beijing finally received a proper opening this week, when global design chief Shiro Nakamura showed off the studio as a new source of ideas for Nissan and Infiniti. Nissan Design China, as the Beijing-based center is known, "is not a studio to just generate ideas for China," Nakamura said in an interview with Car Design News. It's equipped to handle designs of show cars and production cars for both Nissan and Infiniti brands, aimed at customers in China, as well as around the world.