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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.

Fans to vote on next Chevrolet Super Bowl ad

Chevrolet is giving one lucky filmmaker a chance to see his or her commercial broadcast during the biggest game of the year, Super Bowl XLVI. Filmmakers from 32 countries offered their interpretation of Chevy's "Everyday Hero" campaign. The winner will be chosen based on the number of fans who share the video from http://chevroletroute66.msn.com.

Ford Fiesta sedan for U.S. market gets minor changes

Ford is busy courting the youth population as potential buyers for the new Fiesta--it has brought 100 Fiesta five-doors over from Europe and loaned them to people for extended test drives. Meanwhile, engineers are putting the final touches on the Fiesta for the United States. Some of those changes are happening in the front and back, as seen on this prototype of the 2011 Fiesta sedan.