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Pininfarina family to lose control of company
Wed, 15 Feb 2012The 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.
Aston Martin DB9 Facelift revealed
Mon, 28 Jun 2010The subtly facelifted Aston Martin DB9 Remarkably, the Aston Martin DB9 has been with us since 2003. Yet it still conspires to look as fresh and appealing – and let’s face it, just downright beautiful – as it did when it launched. But standing still for too long is a dangerous game in business, so Aston Martin has decided the time has come to give the Aston Martin DB9 a facelift - as we reported in May.
Porsche museum holds treasure trove of history
Tue, 09 Nov 2010Ferdinand and Ferry Porsche shared one characteristic with other automotive icons such as Enzo Ferrari and E. L. Cord: a complete concentration on building the future and little interest in the past.