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Fiat taking 35% stake in Chrysler

Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.

New Aston Martin DBS Villa d’Este debut this weekend

New Aston Martin DBS Villa D’Este debut The new Aston Martin DBS – codename AM 310 – will debut this weekend at the Concorso d’Eleganza Villa d’Este. UPDATE: The new Aston Martin DBS has been revealed at Villa D’Este The replacement for the Aston Martin DBS – which still doesn’t have a name but is being called Project AM 310 by Gaydon – is heading on a trailer to the Concorso d’Eleganza Villa d’Este on the shores of Lake Como for a world debut this weekend. Due to go on sale at the end of the summer, the AM 310 is, say Aston Martin, 75 per cent new.

Paolo Pininfarina elected Chairman at Pininfarina SpA

Paolo Pininfarina has been unanimously elected to become Chairman of the Board of Directors at Pininfarina S.p.A., one of the roles previously occupied by his late brother Andrea Pininfarina. The Board of Directors agreed to assign authority over the Group's design operations and Pininfarina Extra to Paolo Pininfarina and also elected to hand over the Group's communications to his sister Lorenza Pininfarina, the Provisional Deputy Chairperson. There has been much speculation about the company's future following the untimely death of CEO Andrea Pininfarina in a traffic accident last week.