Garmin 796, Xm, Very Nice, Lots Of Fun. on 2040-parts.com

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.

One lap of the web: Arizona auctions edition

-- Pink was not a color offered for the Chevrolet Corvette -- a fact you're probably aware of. But one example was finished in (a rather nice, we think) shade of pink right at the factory for Harley Earl's wife. Hemmings Daily has the story on this rare car, which is heading to auction this week.

Mini Clubvan announced, hipsters rejoice

Mini is getting into the commercial space with the Clubvan, which has two seats, five doors and a flat floor for easy loading. Mini says the van is designed for both business and leisure cargo carrying. When the U.S.-bound Mini Clubvan arrives this fall, it will use the company's base engine for power, which means 121 hp from a 1.6-liter engine.