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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.

Bertone's fate to be decided at the end of April

Bertone's most recent financial troubles have been far from secret – its no-show at the Geneva motor show confirmed our fears – but until now the company hasn't released an official statement about its situation. However the UK newspaper the Telegraph has gained access to a company spokesperson who confirmed that "the problem is many debts and very high costs. At the moment everything is blocked.

Toyota Yaris Trend & Yaris Edition launched

Toyota has launched a pair of special editions for summer – the Yaris Trend and Yaris Edition – with cosmetic tweaks. Not content with flogging 100 units of the Toyota Yaris Hybrid to Europcar, Toyota are intent on mopping up more sales with the launch of a couple of special editions – the Toyota Yaris Edition and Toyota Yaris Trend. Both special editions get a blacked-out C-Pillar and privacy glass to give the illusion of a floating roof, a choice of Tyrol Silver or Cirrus White paint and a three or five-door body.