Moog K620251 Control Arm/ball Joint Assy 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.

BMW supercars

By Tim Pollard 29 July 2008 09:00 For a company that calls itself a purveyor of 'ultimate driving machines', it hasn't much form in the supercar arena. However, its one real entry is one hell of an effort. The '70s M1 was a mid-engined brute that mixed a mid-engine straight six with scintillating looks and a razor-sharp drive.

Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.