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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.

Arnie gets a Mercedes Unimog (video)

Former Governor and ex-Mr Universe Arnold Schwarzenegger trades in his Hummer for a Mercedes Unimog. You’re one of the most famous faces in the world, you were Governor of California and, in a previous life, Mr Universe. You’re Arnold Schwarzenegger and you have an image to maintain.

Peugeot 308 R concept (2013) at Frankfurt motor show

The Peugeot 308 R could be the biggest hint yet that Peugeot is getting its mojo back. Carrying the RCZ concept’s styling into production was a good start, and the new 208 GTi is a pleasantly surprising hoot, but for bigger smiles you’ll want this: a 270bhp, carbonfibre-clad hot hatch that’ll give an Audi S3 a fright, and leave a Golf GTI in its tyre tracks. The catch?