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Pininfarina family to lose control of company
Wed, 15 Feb 2012The 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.
New MINI Crossman caught testing
Tue, 07 Apr 2009The new MINI Crossman caught testing at the Nurburgring [ad#ad-1] Yes, the MINI has become ubiquitous ( to its detriment), and sales have fallen off, despite the plethora of variations on the market. But that’s not stopped BMW from pushing on with the MINI Crossman, which has been spotted testing at the Nurburgring this week. But, although I’ve moaned that MINI has lost its way of late, this particular MINI, odd though it may sound in concept, could be a real winner.
No Macan Can-Can ahead of Los Angeles debut
Thu, 31 Oct 2013Our deeply absurdist, kitchy-kitsch streak wishes that Porsche would've seen fit to score this video with Jacques Offenbach's “The Infernal Gallop” in lieu of Some Generic Lux-Teuton 'Lectronic Track™. Maybe the automotive footage might've been intercut with Dutch camel racers wearing vintage Rijkspolitie outfits and libidinous dancing French girls. Zuffenhausen rarely accedes to our flights of fancy.