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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.

Hybrid Honda Insight too fast for U.K.'s Formula 1000 Rally

It's a fact of racing--cars get disqualified. The vehicle in question might be too light or too powerful, leading to an unfair advantage. But being too fast while sticking to series guidelines?

Aston Martin DB 2/4: classic laden with Bond gadgets up for auction

By Adam Binnie Motor Industry 09 July 2014 10:02 A classic Aston Martin, thought to be the inspiration behind James Bond’s car in the Ian Fleming novel Goldfinger, will be sold at auction this Saturday, 12 July 2014. When a father-and-son restoration team discovered the unassuming DB 2/4 Mk I Vantage collecting dust they had no idea of its potential significance. As they began to peel back the layers they uncovered a set of unique modifications, similar to those in the fictional Bond car, including reinforced steel bumpers, concealed lockers, heavy-duty anti-interference ignition system, and connections for a two-way radio or homing device.