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Pininfarina takeover would boost Magna expertise in key areas

Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.

EVs are Dead, Long Live Tesla says Morgan Stanley analyst

The Tesla Model S is the only successful electric car The experiment of getting the car buying public to believe an electric car is a sensible alternative to an ICE car isn’t an unmitigated failure – but it’s close. And now Investment Bank Morgan Stanley has come out and stated the obvious: Apart from the success of Tesla, electric cars are a failure, falling far short of sales predictions and likely to see no real growth in the coming years. Morgan Stanley declare that we will still all be driving ICE cars for the foreseeable future, and despite predictions that as many as one in ten cars will be BEVs by 2020 the reality is likely to be less than one in a hundred.

Kia Urban Compact SUV Concept heading for Geneva Motor Show

Kia is teasing what looks to be an Urban compact SUV come crossover ahead of a reveal at the 2013 Geneva Motor Show. The market for funky, rufty-tufty urban crossovers started with the ugly bug (but appealing) Nissan Juke and continues apace with car makers rushing to fill a desire by car buyers for something butch and small to blat round urban landscapers. Now it looks like Kia re planning to get in on the act with a new urban runaround of their own, with the reveal of a handful of tease photos of a new concept they will be revealing at this year’s Geneva Motor Show in March.