Petersen's Datsun Tune-up & Repair # 5050 Copyright 1979 Vintage on 2040-parts.com

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.

Tesla Model S does battery swap in 90 seconds

Tesla can swap the batteries on a Model S in just 90 seconds The Tesla Model S was built from the start to offer battery swap as an alternative to a recharge. And now it’s become a reality. When Better Place revealed their plans – in conjunction with Renault – to offer Battery Swap technology we applauded it as a sensible way to make electric cars a more sensible mainstream option.

Lamborghini thinks light at Paris trade show

Pure, unadulterated power has long been one of the pillars of Lamborghini. But now, engineers at the Dancing Bull are seriously looking at ways to reduce weight. Case in point: The new Gallardo LP 570-4 Superleggera cuts 154 pounds from the LP 560-4 through significant use of carbon fiber.