Pininfarina in the black for first time since 2004
According to Reuters, the good news came because of a debt restructuring arranged last year that gives the company three more years to repay its $182.6 million in debt, and a one-time gain of roughly 45 million euros ($57.6 million US). It is the company's first profit since 2004, and is a more robust sign of forward progress than the retrospective museum exhibits held in the company's honor last year. Perhaps the company's better financial condition will help it pull the trigger on a limited production run of the Sergio barchetta concept (shown above) as rumored.
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