Tata Motors to Buy 50.7 pc Stake in Pininfarina?
Posted on August 18th 2009Welcome back!
Tata Motors, which had bought the British Luxury brand JLR, may buy the Italian coachbuilder - Pininfarina.
Pininfarina have decided to sell their 50.7% stake at its latest board meeting and it has hired bank to assist it seeks potential suitors.
‘Tata’ is the name linked with stake in Indian market. Pininfarina already has worked with the Tata on its Prima concept. The Tata Prima concept was disclosed earlier 2009 at the 2009 Geneva Automotive Show.
The company source said that the Pininfarina stated Pincar wasn’t hand over the company completely. Their stake’s sales was the part of debt agreement made with banks at 2008-end.
Ferrari 458 Italia is the most recent model of Pininfarina. Other cars the company has designed and are in production now include – Maserati Quattroporte & Granturismo and the Alfa Romeo Brera & Spider, Ferrari California, the 599 GTB Fiorano & 612 Scaglietti.
By editor in Auto India News, Auto Industry News, Tata Motors
tata fan responded on 18 Aug 2009 at 6:06 am #
I hope so. Pininfarina will give to Tata the best card-esign of the world …. but tata must be faster than bollorè and fiat ….and chinese too.
Rahul responded on 18 Aug 2009 at 8:40 am #
It seems to be a great idea and a beneficial one too, but Tata should think well before taking this decision. Tata is anyway set to conquer the global auto market.
Rahul
Indian Car Advisor (Carazoo.com)
Jaffer responded on 18 Aug 2009 at 11:01 pm #
Good Idea and nice deal .. Pininfarina with Tata wil keep Rocking among the global market.. Good Luck …