Original 1964 Pontiac Dealer Sales Brochure on 2040-parts.com

Volvo and Pininfarina to end their Swedish joint venture for the C70

Volvo Car Corp. will take full ownership of a Swedish car assembly joint venture that it started eight years ago with Italy's Pininfarina S.p.A. Volvo said it will assume responsibility for Pininfarina Sverige AB and its operations in Uddevalla, Sweden, in May 2013.

News watch June 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 30 June 2010• Tesla shares have rocketed 40% on their first day of trading; the company went public this week with the first IPO of an American car company since Ford in the 1950s (BBC News)• GM may sell off its interests in finance arm GMAC and parts supplier Delphi as it seeks to write down its debts (Financial Times)• A Federal judge has approved the $20m sale of a former GM plant in Wilmington to Fisker Automotive; Fisker hopes to build 100,000 cars a year once production hits a peak after launch in 2012. It is using a $529m government loan to fund its launch (Detroit News)Tuesday 29 June 2010• UK business secretary Vince Cable has warned that the car industry is no longer in an emergency – and cannot expect direct government support.

Italy auctions government cars

OFFERS started rolling in on unneeded government Alfa Romeo, Lancia and BMW cars, which prime minister Matteo Renzi is auctioning off on eBay as a sign of his seriousness in tackling government waste. Renzi has pledged to sell 151 vehicles by April 16, saying he was taking a cue from the former mayor of Florence - himself - who auctioned off four cars early in his term. Besides cashing in, the government will save on upkeep, maintenance and running costs.