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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.

Jaguar crossover concept (2013) the first teaser shot

What looks like a screen grab from Sin City is in fact our first official glimpse of the new Jaguar crossover. The jacked-up, coupe-like CX-17 is one of two new models on the way from Gaydon, the other being the ‘X760’-codenamed 3-series rivalling sports saloon. Argh, not another teaser picture… We don’t like them any more than you do, but in this case we’ll allow the Jaguar through the net.

Volvo makes breakthrough in battery tech

Volvo has developed a new way of ‘storing’ energy for its future electric vehicles. The Swedish firm is exploring the concept of lightweight structural energy storage components made from carbonfibre, containing “nano structured batteries and super capacitors.” This technology is said to offer a lighter, more compact solution to the problem of energy storage, potentially removing the need for the heavy, bulky batteries used in current electric vehicles. On Bing: see pictures of the Volvo S80 Find out how much a used Volvo S80 costs on Auto Trader The investigation into the new technology is part of an EU-funded research project, undertaken by Volvo – the only major car manufacturer involved – and nine other organisations.