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Pininfarina family to lose majority share in own company
Click above for a high-res gallery of the Pininfarina Sintesi concept. Pininfarina has been in poor financial health for the last few years. The coachbuilding and design house's P&L sheet has been coated in red ink, with a 114.9 million euro loss last year and debt that's grown to 185.4 million euro from 129.9 million euro in 2006. Something had to be done, so Pininfarina announced to its shareholders today that a 100 million euro capital increase is necessary to keep the company's financial troubles at bay. When that infusion takes place, ... Read more →
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Pininfarina family to lose majority share in own company 1 year ago on Autoblog
Click above for a high-res gallery of the Pininfarina Sintesi concept. Pininfarina has been in poor financial health for the last few years. The coachbuilding and design house's P&L sheet has been coated in red ink, with a 114.9 million euro loss last year and debt that's grown to 185.4 million ...
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