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Redesigned 2012 Subaru Impreza bows at the New York auto show

The redesigned 2012 Subaru Impreza made its debut in New York on Wednesday with a more refined look, a longer wheelbase and a new four-cylinder engine. The Impreza's horizontally opposed 2.0-liter produces 148 hp and returns 36 mpg on the highway, even with all-wheel drive. Fuel economy is maximized with electric power steering and low-rolling-resistance tires.

911 Turbo S ‘Edition 918 Spyder’ revealed

Porsche 911 Turbo S ‘Edition 918 Spyder’ Earlier today we reported that Porsche has finally got round to putting the 918 Spyder on sale at a rather eye-watering £678k. And there will only be 918 built. But that wasn’t the only car Porsche revealed this morning.

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.