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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.

Fiat 500 Pink – now it’s the 500C convertible

The Fiat 500C Pink convertible hits the UK - but only 300 of them Fiat have been busy doing what BMW have done with the MINI – and Audi seem intent on doing with the new A1 – namely churning out special editions all over the place to keep punters interested and make sales. And it seems to work.  Buyers like something that stands out from the crowd and of which there will be a limited run. Step forward the Fiat 500 Pink, launched by Fiat a few months ago in the UK and limited to just 500 units.

Jaguar Land Rover: 1,000 new jobs at Solihull

1,000 new jobs at Jaguar Land Rover Solihull Isn’t it nice, when all we hear of the economy is doom and gloom, that Jaguar Land Rover are doing so well they need to take on more staff to cope with demand? That’s exactly what’s happening at the JLR Solihull plant, where JLR are increasing the plant workforce by 25 per cent with the addition of 1,000 production operators and skilled trades people. The Jaguar Land Rover plant at Solihull is currently home to the Range Rover, Range Rover Sport, Land Rover Discovery 4 and Defender.