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Pininfarina takeover would boost Magna expertise in key areas

Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.

Mercedes signs joint venture to build carbonfibre parts

Not to be outdone by BMW’s joint venture with the SGL Group to manufacturer commercially viable carbonfibre-reinforced plastic (CFRP) for the electric Megacity Vehicle, Mercedes has announced a joint venture with Japanese company Toray Industries to manufacturer and market its on CFRP automotive parts. The deal was signed in Germany today, with Toray taking a 50.1% stake, Daimler holding 44.9% and the remaining 5% being taken by other shareholders. The two companies started working together in March 2010, and while Toray has been working on the materials and moulding processes, Merc has designed the automotive parts and the technologies to join the parts together.

Report: Britain averaged over 50mpg in 2013

Land Rover According to the latest figures from industry body the Society of Motor Manufacturers and Traders (SMMT), Britain averaged OVER 50mpg last year. The institution analysed efficiency figures for all new cars sold in the UK in 2013, working out the average CO2 emissions from the 2.26 million cars sold in Britain last year and coming up with a figure of 128.3g/km. On Bing: see pictures of vehicle CO2 emissionsFind out how much an economical used car costs on Auto Trader　 That’s already below the 130g/km CO2 average target manufacturers have set themselves for 2015 and marks a 16th successive year of reductions.