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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.

Mopar invades Motown

Chrysler Group's service, parts and customer-care brand Mopar will have its largest exhibit ever at the Detroit auto show Jan. 13–26. Measuring some 5,500 square feet, the exhibit will highlight the new Mopar Custom Shop in the Mopar Garage.

Mitsubishi Concept G4 to debut in Bangkok

Mitsubishi will unveil its Concept G4 at the upcoming Bangkok motor show. The Concept G4 compact sedan is shown in only one sketch, meaning we have few details, but we can see it features Mitsubishi's latest design language first seen on the CA-MiEV in Geneva, for example the headlamps, rear lamps, vertical fog lamp bezels and grille. Mitsubishi claims that the concept's short nose will help with visibility and maneuverability, while the interior will allegedly be among the roomiest in its class.