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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.

2015 Hyundai Genesis earns Top Safety Pick

The 2015 Hyundai Genesis sedan got the first-ever Insurance Institute for Highway Safety Top Safety Pick for a rear-wheel drive luxury sedan. It's also the first RWD luxury sedan to earn a “Good” rating in the small overlap crash test. The ranking applies to Genesis sedans equipped with the optional front crash-prevention feature.

McLaren P1 GTR track monster revealed at Pebble Beach

The McLaren P1 GTR track monster is revealed at Pebble Beach McLaren has taken the covers of the McLaren P1 GTR at Pebble Beach (after a tease last month) to demonstrate its design and intent ahead of production in 2015, and it certainly seems to tick all the boxes. Being built just for the track – with no need to comply with road regulations – McLaren are able to produce a car that re-writes track performance, with a focus on a bit more power – 1000PS (986bhp) – and a lot more handling prowess. The P1 GTR gets an 80mm increase in its front track, new front splitter and a set of slicks on 19″ forged wheels with centrelock hubs.