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 @ Apr 30th 2008 8:58AM
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
Zane @ Apr 30th 2008 10:47AM
Umm.. probably because Pininfarina doesn't want to associate itself with "established" dreary and sleepy brands such as Toyota?
SnakeBite_4.6 @ Apr 30th 2008 9:13AM
Everybody's getting in on Pininfarina. Maybe I should grab a few shares myself. /sarcasm
Toy Yoda @ Apr 30th 2008 11:15AM
Heck why not? I got a few bucks to spare. I'll buy some stakes too, since everyone is doing it.
CarlosMC @ Apr 30th 2008 10:55AM
Designer brakes?