Vintage Ford Hub Cap on 2040-parts.com

Happy Anniversary: delivery-mileage Lamborghini Countach for sale

Just when you think you've seen it all, along comes a delivery mileage Lamborghini Countach that has been sat 'resting' in a storage facility since April 1990. And although it would be rather amusing to report the supercar had been discovered during an episode of Storage Wars, the reality is a little different. The Countach is the car that graced the bedroom walls of countless young boys in the 1980s, condemning the Ferrari poster to the waste paper bin.

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.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.