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Magna mulls Pininfarina takeover

Canadian-Austrian parts supplier Magna International Inc. is weighing a proposal to buy Italian design specialist Pininfarina S.p.A., three sources with direct knowledge of the matter told Automotive News Europe. Earlier this month, Pininfarina's quarterly earnings report disclosed that the company could be sold as soon as Dec.

Musk says no recall after Tesla Model S fires

Following a series of collisions resulting in vehicle fires, Tesla Motor’s Elon Musk recently told Bloomberg that the electric Model S will “definitely” not be recalled by the automaker. The National Highway Traffic Safety Administration has agreed -- so far. NHTSA decided against a full investigation after the second Model S fire in October.

The case of the disappearing Lambos

Now this should have rung an alarm bell or two at the time, but it seems it didn’t. Back in November the world’s largest Lamborghini dealership – Lamborghini Orange County – turned up its toes and closed the doors, apparently a victim of the downturn in car sales. Not the oddest story in these times admittedly, but a bit odd when you consider that Lamborghini OC was reckoned to be responsible for 10% of Lamborghini’s sales worldwide, shifting around 240 cars a year.