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Carroll Shelby's 2009 Mustang GT500 KR to go up for auction

The unseemly fight over Carroll Shelby's remains is thankfully over. His creations and legacy are due for a massive celebration in two weeks' time in Monterey. And Vicari Auto Auction has just announced the sale of one of his personal cars.

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.

Scion iQ (2011) revealed

The 2011 Scion iQ - a Toyota iQ in any other place - will hit the US market The Scion name is one of those car ‘Makes’ that is well known over there but unheard of over here. So although the headline will mean something to our Colonial Cousins, most in Blighty won’t have a clue. So before we cover the Scion iQ, perhaps we ought to cover Scion in general.