news

Mahindra In Talks To Buy Pininfarina

Pininfarina is reportedly in talks with India’s Mahindra, with the latter looking to buy out the Italian engineering and design group.  Bloomberg quotes unnamed sources who have confirmed negotiations have been underway for several week


Pininfarina is reportedly in talks with India’s Mahindra, with the latter looking to buy out the Italian engineering and design group. 

Bloomberg quotes unnamed sources who have confirmed negotiations have been underway for several weeks.

A deal has yet to be finalised, with the sources saying negotiations were continuing and could yet be abandoned if the two parties do not reach an agreement.

Pininfarina has reportedly posted losses in 10 of the last 11 years, and has struggled to emerge from a financial black hole caused by Italian recessions and the Global Financial Crisis.

The designer has been responsible for some iconic Italian cars (and others) over the years, including the Ferrari 250 GT, and already has an understanding with Mahindra on SUV styling.

Partnerships

MORE:Mahindra Showroom
MORE:Mahindra News
MORE:Mahindra Reviews
MORE:Search Used Mahindra Cars for Sale
MORE:Mahindra Showroom
MORE:Mahindra News
MORE:Mahindra Reviews
MORE:Search Used Mahindra Cars for Sale
Chat with us!







Chat with Agent