Beyond it's acquisition of
Jaguar and
Land Rover, and the eminent launch of the
Nano,
Tata is looking to acquire a stake in Pininfarina, the iconic design house that's been under some
financial distress in recent years. Tata is aiming to take a minority holding in the firm, partnering up with the French industrial group, Bollore, with up to a 100-million euro capital increase. More details about the deal will be forthcoming in the next few months, but when Tata and Bollare take their stake, that will cut down the Pininfarina family's share from 55-percent to 30-percent. Here's hoping that Pininfarina's help will be enlisted for the second generation Nano.
[Source: Automotive News - Sub. Req.]
[Source: Automotive News - Sub. Req.]
