Pininfarina exits carmaking business, plans to concentrate on design
Pininfarina recently ended a joint venture with Volvo to produce the C70 in Uddevalla, leaving us to wonder where the model would be manufactured in the future. Meanwhile, Pininfarina is busily courting suitors to purchase a stake in the design firm as part of a debt restructuring agreement with the company's creditors.
French billionaire Vincent Ballore is one investor who has expressed an interest in purchasing part of the family-owned company. In the future, Pininfarina is expected to focus its efforts on contracted design and engineering work.
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