Filed under: Euro, Earnings/Financials
Brembo considers Pininfarina stake
There's breaking news and then there's braking news. In a development of the latter, Brembo is considering investing in Pininfarina. The news is part of a larger development that has Indian automaker Tata and sportscar scion Piero Ferrari taking stake in the design house, and could involve several other investors including Vincent Bollore to raise 100 million euros in capital for an electric car venture between the French investor and the Italian styling firm.
Currently, the Pininfarina family holds 55-percent of the eponymous company, but is willing to share its shares with additional investors in order to keep the company in the black and moving forward.
[Source: Automotive News Europe – Sub. Req.]
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Reader Comments (Page 1 of 1)
Mobius_1 8:58AM (4/30/2008)
I wonder why some of the big car companies don't get Pininfarina to do the design work, just take a look at the roads filled with dreary, sleepy Toyotas, heck, even Chinese firms are using Pininfarina
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Zane 10:47AM (4/30/2008)
Umm.. probably because Pininfarina doesn't want to associate itself with "established" dreary and sleepy brands such as Toyota?
SnakeBite_4.6 9:13AM (4/30/2008)
Everybody's getting in on Pininfarina. Maybe I should grab a few shares myself. /sarcasm
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Toy Yoda 11:15AM (4/30/2008)
Heck why not? I got a few bucks to spare. I'll buy some stakes too, since everyone is doing it.
CarlosMC 10:55AM (4/30/2008)
Designer brakes?
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