Tata to take stake in Pininfarina
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Tata to take stake in Pininfarina
Filed under: Etc., Tata
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.]
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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.]
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