Pininfarina is possible in Indian hands [updated]

Posted on 25-03-2015 at 17:05 by MauritsH – 48 Comments”

Mahindra, the Indian party who has previously been linked to NEVS (and therefore Saab), would be an acquisition of perhaps the best-known Italian autodesigner plotting.

Moreover, Pininfarina was not only responsible for the designs, but sometimes also the engineering for his account. If we Bloomberg are to be believed, the discussions on this point in full swing, a rumor that today alone resulted in an increase in the value of the stock Pininfarina of about 10%.

The company would be approximately eur 136 million worth. The designer best known for the bodyworks of a whole bunch of new and old Ferrari’s has been in existence since 1930 and has classics in his portfolio, where most artists can only dream of.

Nevertheless, it reversed the Italians in the past 11 years but less than 10 years of loss because of debts and slechtlopende affairs. Pininfarina and Mahindra worked already together in the development of and SUV and a electric sports car. The Indians names earlier in addition, SsangYong and the motorendivisie of Peugeot.

UPDATE (29-06): The acquisition by Mahindra. Several banks that still owed money had Pininfarina did not agree with the bid that the Indians released.