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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.

Small but safe: the Fiat 500

By Ben Pulman Motor Industry 31 August 2007 10:29 Fiat’s new baby, the 500, has just achieved a full five-star Euro NCAP rating for adult safety. The 500's score of 35 points puts it ahead of cars like the Mini and Renault Clio while the 500’s closest rival, the Renault Twingo, only achieved four stars in the latest tests. The 500’s 35 points bettered the Twingo’s 28, as did its 14 point to the Renault’s 11 for pedestrian safety (though both ratings are equivalent to two stars).

Porsche Panamera – Promo Video

Porsche has released a new Video of the Porsche Panamera But with the first Panameras getting out on the road, and the Porsche Panamera launching in the UK (Porsche Panamera UK prices) in September, Porsche has released a promotional video showing a ‘Day in the Life’ of its new 4-door coupe. The Panamera comes in three flavours to start with – the Panamera S (V8), the Panamera 4S (V8) and the Panamera Turbo (V8 Turbo) – with prices starting from £72,266 and rising to £95,298. But that’s just the start.