Cadillac ATS Wallpapers

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, Performance, Marketing/Advertising, Chevrolet, CelebritiesDiners, Drive-ins and Dives persona Guy Fieri is making more news with garages these days than kitchens. The Food Network host, who recently had his Lamborghini Gallardo stolen and then recovered in a teen's storage container, has been selected to drive the 2013 Chevrolet Corvette ZR1 pace car at the Indy 500 this year. Guy's an admitted car fan, and he should feel at home in the ZR1; he owns seven Chevrolet models that span the decades from 1968 to 2011, and a Cadillac Escalade ESV. He'll be pacing the field in the 638-horsepower special edition Arctic White coupe on Sunday, May 27 at noon EST.Guy Fieri to drive Corvette ZR1 pace car in Indy 500 originally appeared on Autoblog on Wed, 16 May 2012 13:29:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

General Motors will start a second shift in July with 600 workers at the Michigan plant that will make the new Cadillac ATS sedan, the company said on Tuesday.

DETROIT (Reuters) - General Motors Co will start a second shift in July with 600 workers at the Lansing, Michigan, plant that will make the new Cadillac ATS sedan, the company said on Tuesday.