Tridente Maserati Quattropote

Filed under: Etc., Europe, Earnings/Financials, Design/Style Automotive News reports Pininfarina projects it will turn a profit for 2012, thanks in part to debt restructuring. The Italian design studio hasn't seen a profit in eight years, but signed a deal in April to restructure $182.6 million in debt. The move effectively stretched the studio's repayment deadline from 2015 to 2018. At the same time, Pininfarina announced it will likely see an operating loss this year, but a one-time gain of $57.6 million will result in the net profit. Last year, the company lost $8.3 million in the first quarter, though that figure has dropped to just under $4 million during Q1 2012. Pininfarina also saw its net revenue increase by $2.9 million. The company designs vehicles for manufacturers the world over, including makes like Ferrari, Maserati, Rolls-Royce and Cadillac, though CEO Silvio Pietro Angori recently announced China is set to become the studio's largest market this year. That title was previously held by Germany.Pininfarina turns first net profit since 2004 originally appeared on Autoblog on Wed, 16 May 2012 18:31:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

Filed under: Motorsports, Coupe, Maserati, Racing Spec racing series are emerging as an indispensable way for exotic automakers to show what their vehicles can do without the constraints of road regulations, and for their top customers to race wheel-to-wheel on some of the most famous racing circuits in the world behind the wheel of top machinery. Ferrari has the Challenge series, Lamborghini the Blancpain Super Trofeo, Porsche operates several iterations of the Carrera Cup around the world, and Maserati has the Trofeo World Series. Now entering its third year, the Trofeo is campaigned by a field of specially prepared versions of the GranTurismo coupe, which has been upgraded with several improvements for the season ahead. Maserati Corse has both optimized the aerodynamic setup and trimmed the car's weight, resulting in an average lap time that proved two and a half seconds faster around the Vallelunga circuit outside Rome over last year's car during winter testing. Whereas previous series have been held almost exclusively in Europe or in the Middle East, this year's Trofeo World Series adds rounds at Infineon Raceway in Sonoma, California, and the Shanghai International Circuit that hosts the Chinese Grand Prix after the returning races at Jarama, Spain (next weekend), Portimao, Portugal (in early June), Imola, Italy (late June), and Paul Ricard, France (in July). Maserati Corse provides the full motorsport experience to gentlemen racers for €110,000 ($140K) for the full season or €70,000 ($90K) for just the European races, including use of the car. Teams owning and fielding their own cars pay €35,000 ($45K) or €25,000 ($32K), respectively. Scroll down for the full press release and check out the latest machinery in the high-res image gallery above.Continue reading Maserati upgrades GranTurismo racer for 2012 Trofeo MC World SeriesMaserati upgrades GranTurismo racer for 2012 Trofeo MC World Series originally appeared on Autoblog on Wed, 16 May 2012 09:02:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments