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These are precarious times for European design studios and coachbuilders, with some of the biggest names in the business facing potential closure. Not even Pininfarina is immune, and the storied Italian studio cannot afford to miss a beat. That's why, only days since the tragic death of its CEO Andrea Pininfarina, the company has already announced his successor.

Rather than hiring from outside, control of the carrozzeria will pass to Paolo Pininfarina, brother of the late Andrea, son of Sergio and grandson of founder Batista "Pinin" Farina. He is shown here attending the funeral for his brother that took place just yesterday. As we reported earlier today, the company is scheduled to unveil its first new vehicle since the tragedy next week at Pebble Beach: the Rolls-Royce Hyperion .

[Source: Automotive News Europe - subs. req'd, Photo by Vittorio Zunino Celotto/Getty]

Paolo Pininfarina announced to succeed his late brother originally appeared on Autoblog on Tue, 12 Aug 2008 12:59:00 EST. Please see our terms for use of feeds.

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Click above for hi-res gallery of the Pininfarina Sintesi Concept

Even prior to Pininfarina CEO Andrea Pininfarina's untimely death while out riding his scooter, the market for coachbuilt automobiles was shrinking fast. To wit, the Italian car design firm had recently just managed to sign an agreement with its creditors to reschedule the company's debt and is now asking for an extra one-hundred-million Euros from shareholders for future product development. Pininfarina is also planning on designing and building its own electric car using batteries and technology supplied by a French company known as The Bolloré Group. Currently, many questions surround the storied Italian marque. As of today, for instance, Pininfarina is without a leader as the company has yet to announce its next CEO, despite the fact that it is knee-deep in a turnaround plan to bring the company back to profitability. Can the storied design firm and coach-building company survive these tumultuous times without a leader? Time, as always, will tell.

Gallery: Pininfarina Sintesi concept


[Source: Just-Auto - sub. req'd]

Is Pininfarina's future in doubt after CEO's death? originally appeared on Autoblog on Fri, 08 Aug 2008 19:33:00 EST. Please see our terms for use of feeds.

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We're saddened to convey the latest reports from Italy on the untimely passing of Andrea Pininfarina. Andrea Pininfarina, head of the eponymous design studio, was the son of Sergio Pininfarina and grandson of the carrozzeria's founder Battista "Pinin" Farina.

According to the announcement by Confindustria, the industrial association over which Sergio once presided and of which Andrea served as vice-president, Andrea was killed in a motorcycle accident in Turin, not far from the company's headquarters. He was only 51 years old. Our condolences to the entire Pininfarina family, and our appreciation to Guy for alerting us to the sad news.

[Source: International Herald-Tribune via theCarfanatic.com]

Andrea Pininfarina killed in motorcycle accident originally appeared on Autoblog on Thu, 07 Aug 2008 08:52:00 EST. Please see our terms for use of feeds.

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