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Italian design house Pininfarina predicted last May that it would face an operating loss for 2012 but still come out with a net profit. Both predictions have come true – the company is reporting an operating loss of 8.2 million euros and a net profit of 32.9 million euros ($42.5 million US).

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Pininfarina has announced that it will debut an "innovative and exclusive" concept car at the upcoming Geneva Motor Show as a tribute to Life Senator Sergio Pininfarina, Honorary Chairman of the Pininfarina Group who passed away in July of 2012. Sergio took control of the company in 1966, after the death of his father, Gian Battista 'Pinin' Farina.

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The world of automotive design has lost another great. Sergio Pininfarina – the honorary chairman of the Pininfarina Group that bears his family name – passed away last night at age 85.

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Automotive News reports Pininfarina projects it will turn a profit for 2012, thanks in part to debt restructuring. The Italian design studio hasn't seen a profit in eight years, but signed a deal in April to restructure $182.6 million in debt. The move effectively stretched the studio's repayment deadline from 2015 to 2018. At the same time, Pininfarina announced it will likely see an operating loss this year, but a one-time gain of $57.6 million will result in the net profit. Last year, the com

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Italian Firm's Turbine-Powered Calling Card For A New Era

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Italian Turbine-Powered Calling Card For A New Era...And A New Maserati Quattroporte?

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Italian magazine Quattroruote has somehow procured a set of renders showing every angle of the plug-in Pininfarina Cambiano concept. The show car will arrive at the Geneva Motor Show and is heavyweight celebration of several Pininfarina milestones: the 10th anniversary of the company's Engineering Centre, the 30th birthday of its Styling Centre and it's named for the town of Cambiano where Pininfarina is located. What's more, it was inspired by the design house's Lancia Florida II from 1957, an

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Italian magazine Quattroruote has somehow procured a set of renders showing every angle of the plug-in Pininfarina Cambiano concept. The show car will arrive at the Geneva Motor Show and is heavyweight celebration of several Pininfarina milestones: the 10th anniversary of the company's Engineering Centre, the 30th birthday of its Styling Centre and it's named for the town of Cambiano where Pininfarina is located. What's more, it was inspired by the design house's Lancia Florida II from 1957, an

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Pininfarina is on track in the quest to restructure its debt, according to a report from Reuters. The famed Italian styling house shuttered its manufacturing business in 2011, ending a joint venture with Volvo that had seen Pininfarina assemble the C70, in order to focus on its automotive design business.

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Click above to view the Pininfarina Sintesi in our high-resolution image gallery

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Pininfarina has signed a deal with Motorla to design cellular phones for the company over the next three years. The design house, famous for penning Ferraris and Maseratis, will put ten designers on the job of making mobiles as sleek and sexy as their automotive counterparts. The design house had been dealing with the phonemaker via a short-term agreement under which it tendered two designs per month. Interestingly, cell phones design now makes up 30-percent of Pininfarina's non-automotive

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