Filed under: Euro, Earnings/Financials, Ferrari
Pininfarina confirms Ferrari, Brembo and Sabelt as new shareholders
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Pininfarina has confirmed the three new shareholders who will take stake in the company as part of its 100 million euro capital increase. As we reported previously, Piero Ferrari, son of the late Enzo Ferrari and vice-chairman of the eponymous Maranello sportscar firm, and Alberto Bombassei, chairman of the Brembo brakes company, will take shares, in addition to the Marsiaj family at the helm of Italian seatbelt manufacturer Sabelt.
The increased capital will finance the development and production of the upscale electric minicar Pininfarina will produce together with French industrial group Bollore and Indian automaker Tata. The car is expected to begin production in 2010 with 2000 units, ramping up to a full capacity of 15,000 units by 2012 with sales in the United States, Europe and Japan. Although the size of each new shareholder's stake has yet to be confirmed, the shares will come out of the Pininfarina family's 55% ownership.
[Source: Automotive News Europe - Sub. Req.]
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Reader Comments (Page 1 of 1)
rick 10:23AM (5/02/2008)
This makes sense. Ferrari is (was) the biggest user of Pininfarina's design and coach building services. Interestingly, all the investors mentioned are also big players in the Italian automotive industry. It looks like their keeping the treasure until national ownership.
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Zane 11:21AM (5/02/2008)
Where's Tata with it's big hype and hoopla?
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SPG 12:51PM (5/02/2008)
Sweet, I am glad that come reputable companies are backing Pininfarina.
It would be a shame to lose this company.
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