Pininfarina to sell to Tata
There are strong rumors floating that Tata may be looking at buying a stake in Pininfarina. Pininfarina is heavily in debt and is looking at finance options to get out of it - the company has already committed to do so.
On its part, Tata which already has Jaguar and Land Rover under its belt and has made a success with its Nano, is looking either at a partnership (so unofficial reports say) or a controlling interest in this Italian design/contract manufacturing business.
Pininfarina has its fingers in many pies: it is working on an electric car with Vincent Bolore, it has contracts with both Ford and Volvo to build Cabriolets of the Focus Coupe-Cabriolet and the C70 and now perhaps it will deal with the Indian automaker. If it does sell to Tata, the Indian automaker will build on an already strong portfiolio of famous global brands.
[Via: autoincar]