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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.

Ram brand created, Gilles to lead Dodge cars and Fong leaves in Chrysler shakeup

Chrysler Group has created a new brand called Ram for its trucks and named its top designer, Ralph Gilles, as CEO of Dodge cars. The new structure overhauls a setup announced in June as the automaker emerged from bankruptcy in an alliance with Fiat S.p.A. Michael Accavitti, who had led the Dodge brand, has "resigned to pursue other interests," the company said in a statement.

Crazy self-driving Rinspeed XchangE concept for Geneva 2014 debut

You can rely upon Swiss concept specialists Rinspeed to release something suitably crazy on the run up to their home Geneva Motor Show – and 2014 is no different, it appears. This is the Rinspeed XchangE, a self-driving autonomous car that shows "what will move us tomorrow," according to the firm; it’s "the office and living room on wheels." Natch. Please click on the image above to read more about the 2014 Rinspeed XchangE concept