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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.

This 108-year-old Mercedes Simplex could sell for £900k

‘Old Mercedes up for auction’ doesn’t quite do this magnificent automobile justice. It’s a 1905 Mercedes Simplex 28/32 Phaeton, and one of the oldest Mercedes still in existence. But this car does not merely exist – it is resplendent as a stunning example of the very best the Edwardian era of motoring had to offer.

Pagani Huayra confirmed for U.S.

The Pagani Huayra - Confirmed for the US Despite becoming a hypercar maker of renown – a major achievement in a little over a decade – Pagani has never sold cars in the US. Which means the delicious Zonda – in all its many iterations – has never been available  in the US market, and even imports from other parts of the world are impossible. Well, impossible if you follow the rules, but if you care to bend things a little… But Pagani always planned to sell the Pagani Huayra – Pagani’s latest creation – in to the US.