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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.

HondaLink Internet streaming launches with redesigned 2013 Accord

Honda will introduce technology, called HondaLink, that links vehicles with the Internet via smartphones with the redesigned 2013 Accord that goes on sale this fall. The HondaLink app on the driver's phone will access a large menu of information and entertainment services streamed from Aha, a service of audio-equipment supplier Harman. Honda's goal with HondaLink is to enable drivers to access services such as Slacker Internet radio and Yelp restaurant reviews without the need to touch their cell phones.

Lexus IS 2011: the Estate returns – but Hybrid only

The Lexus IS SportCross - the 1st generation Lexus IS Estate The Lexus IS Range is Toyota’s answer to BMW’s 3 Series and Audi’s A4. And it does a very creditable job, particularly for those drivers for whom quality of finish and lots of toys are much further up the list than driving dynamics. But despite there originally being a Lexus IS Estate – the Lexus IS SportCross – when the IS first launched in 2000, Lexus saw fit to drop that when the current IS turned up in 2005.