Pincar, the company owned by the Pininfarina family may sell its majority stake in troubled design house and coachbuilder Pininfarina. Through Pincar the family holds a majority stake of 50.7%. Selling the piece is a decision taken at a board meeting last week and was part of a debt agreement made with the banks in 2008.
Tata might be the new company which interested to buy the stake of Pininfarina. Being closely related to Pininfarina, a company that has designed some of the most striking Ferraris and Maseratis in the past would certainly give Tata a boost in its design department.
Another possible partner is said to be Bollor�, the French industrial company. Pininfarina is working with them to develop an electric car dubbed, Bluecar. In 2008 founder Vincent Bollor� expressed an interest in becoming one of the shareholders at Pininfarina.
Monday, August 10, 2009
Pininfarina family stake to be sold
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