Last December, billionaire tycoon Vincent Bollore made a commitment to invest over 100 million euros ($131 million U.S. at the current exchange rate) into Autolib, Paris' electric carsharing program. Aside from dishing out that substantial bit of coin, Bollore also announced that his company won the contract to supply vehicles for Autolib and that the battery-powered Pininfarina Bluecar would become the backbone of the carsharing program.
Recently, Pininfarina inked a deal to lease out a portion of its Italian factory near Turin to a company by the name of Cecomp, which will use the floor space to build approximately 4,000 electric Bluecars for the Autolib program. The deal is reportedly worth $19.3 million and runs through the end of 2013. In addition to supplying floor space, 57 Pininfarina employees will assist Cecomp with assembly of the Bluecars.