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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.
Kia Soul Searcher launches
Sun, 05 Dec 2010The Kia Soul Searcher available from January 2011 There’s not a lot wrong with the Kia Soul. Or certainly not a lot wrong at the price point. It’s half decent to drive, has half decent dynamics (it’s the same under the skin as the Hyundai i20) and is very practical with a big warranty.
Tesla Model S Performance is the quickest electric car…in the world
Tue, 29 Jan 2013A Tesla Model S Performance has set a world record as the fastest production electric car with a 1/4 mile run of just 12.371 seconds. Yes, we still believe – certainly with the current and prospective battery technology – that the only real use an electric car has is as a small urban runaround or a local deliver vehicle. But that doesn’t stop us being impressed by the Tesla Model S.