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Italian design house Pininfarina predicted last May that it would face an operating loss for 2012 but still come out with a net profit. Both predictions have come true – the company is reporting an operating loss of 8.2 million euros and a net profit of 32.9 million euros ($42.5 million US).

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Museums, Not Motor Shows, Take Center Stage In 2012

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The world of automotive design has lost another great. Sergio Pininfarina – the honorary chairman of the Pininfarina Group that bears his family name – passed away last night at age 85.

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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 com

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Late on Sunday, Ferrari confirmed the passing of its legendary coachbuilding collaborator Sergio Scaglietti. He was 91 years old.

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Carrozzeria Zanasi – Click above to watch the video after the jump

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Bertone Mantide - Click above for a high-res image gallery

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Click for our gallery of 31 high-resolution photos

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