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Fiat 500e EV LOSES $14,000 on every one sold – so please don’t buy, says Marchionne

Fiat lose $14,000 on every electric 500e The electric Fiat 500e arrived as a concept at the Detroit Auto Show in 2010 and finally arrived as a production reality at the Los Angeles Show in 2012 before going on sale in the US. The 500e is an appealing little car for zapping around town, especially if you only do a relatively low mileage every day and have somewhere to plug it in. But it is rather expensive.

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.

Lotus revamps 2007 MG TF

By Phil McNamara Motor Industry 24 July 2006 06:11 The MG TF will be reborn at Longbridge in 2007 - and the roadster has been overhauled by the ride and handling experts at Lotus. Nanjing Automotive Corporation, the Chinese company that bought the assets of the bankrupt MG Rover in 2005, has lifted the lid on its plans. Assembly of up to 15,000 TFs annually will begin in the first half of next year, at the mothballed West Midlands plant.