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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.

Channel 4′s 4Car to close

Car website 4Car is to close at the end of the year. Despite the British love of cars, there really aren’t a huge number of car web sites that make an impact. And certainly not car websites that aren’t linked to either classified ads or existing car magazines.

Kia K900 luxo-barge debuts in Los Angeles

Kia unveiled the K900 rear-wheel drive executive sedan at the LA Auto Show on Wednesday. Kia plans for it to compete in the full-size luxury segment starting in the first quarter of 2015. The company's new halo car comes wrapped in a handsome and brawny package, but it still managed to squeeze in a cute tiger nose grille.