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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.

Chrysler sounds rally cry with Super Bowl ad: Video

Chrysler was a holdout last week. While every other automaker was rolling out its Super Bowl ads days before the big game, Chrysler waited until Sunday's halftime. The ad featured actor Clint Eastwood in a spot appropriately titled "Halftime." Amid gritty images of Detroit, Eastwood talked about America's can-do spirit and the ability to rally back from adversity--just as Detroit has.

Mazda 2 facelift (2012) with SkyActiv revealed

The Mazda Demio facelift - that's Mazda2 to me and you We’re back to the old story of car reveals for the Japanese Domestic Market (JDM) pointing at reveals to come in overseas markets, with the reveal of the facelifted Mazda Demio telling us all we need to know about the next Mazda 2 Facelift. Although the Mazda2 has had the car surgeon’s knife lightly applied to freshen things up a bit, the big news is the oily bits, where Mazda are busy showing us that there are better alternatives to frugal cars than electric or hybrid. The new Mazda 2 gets the direct injection, 1.3 litre SkyActiv engine which features a raft of technology to squeeze every last drop of energy out of the petrol it uses, together with a CVT ‘box which does the decent thing and offers a seven-speed manual mode.