The famed contract manufacture and design consultant Pininfarina losses it’s family controlled business. It currently had a stake of 55 percent, but will be more than 30 percent after 3 new shareholders take control. The new shareholders will be Enzo Ferrari’s son and Ferrari vice chairman, Piero Ferrari, chairman of braking systems maker Brembo, Alberto Bombassei and founders of the Italian seatbelt maker Sabelt, Marsiaj family.
The 100 million Euro capital increase will help finance restructuring plan that is hoped to revive the struggling company. Pininfarina will start to build an electric car in Italy, with 2,000 units by 2010 and 15,000 at full capacity by 2012.
Last week, Pininfarina and Tata Motors signed a letter of intent to establish a research, design and engineering center in India. (Could this mean a Pininfarina penned Jaguar in the future? – Ed.)
Source: Autonews.com (Subscription Required)
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