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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.

LCV VALUES DEFY POOR CONDITIONS

AN INCREASE in demand for four-wheel drive light commercial vehicles saw LCV values rise during December 2010, according to new figures from British Car Auctions. After reaching a low-point in November, the cold weather inspired a £37, or 0.9 per cent, rise in average LCV values to £4,067. Values were also boosted by a 25 per cent decline in the number of vehicles that came to auction during the month.

Car Finance: ING pull out of UK luxury car finance market

ING has pulled out of the UK luxury car finance market leaving a finance hole estimated at around £1.2 billion. If you’re in the market for a high-end car, chances are you’ve sought out the services of a finance broker after the car dealer’s finance rates came as a bit of a shock. And if you have, there’s a very good chance you’ll have ended up with a cracking finance deal written by ING.