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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.

Is Carbon Motors calling it quits?

For years, Carbon Motors Corp. has been teasing us -- and the nation's law-enforcement agencies -- with renderings and photos of its purpose-built E7 police cruiser. Drivers may not have to worry about seeing the E7's aggressive lines in their rearview mirrors any longer.

BMW Concept X4 (2013) first pictures of baby X6 coupe-SUV

This is the BMW Concept X4, which borrows the idea of an SUV with coupe proportions from its X6 brother, and shrinks the template down to the size of an X3. But don't be fooled by the 'Concept' tag of this car – like the Concept 4-series coupe we saw in 2012, the X4 is very much confirmed for production, and will receive only detail styling tweaks before it goes on sale in mid-2014. It'll be built alongside the X3, X5 and X6 models at BMW's Spartanburg factory in the USA from early 2014.