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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.
Will the Toyota Prius plug-in cost much the same as a normal Prius?
Mon, 19 Sep 2011Toyota Prius plug-in - only around £2.5k more than a regular Prius? Toyota has managed to corner the market in hybrid cars over the last decade after its remarkably prescient decision to focus on ‘Eco’ cars long before the mainstream cottoned on to the changing mood of governments – and car buyers – to the impact cars have on wallets and the environment. We won’t drag out our usual objections to the ceaseless quest for pointless ever-lower CO2 emissions, but we will instead commend the Prius for being a remarkable transport appliance, one which – if driven in a certain manner – can produce remarkable feats of economy and emit pleasingly low levels of the stuff that does real harm – NOx and Particulates.
BMW brings Real Time Traffic Information (RTTI) to drivers
Tue, 11 Oct 2011BMW Real Time Traffic Information (RTTI) Technology has made the driver’s life much easier in recent years, but there’s not much to make life easier when you get stuck at the back of a huge traffic jam. But BMW’s announcement that it will be offering Real Time Traffic Information (RTTI) in its cars will help. A lot.