Ferrari’s son purchases stake in Pininfarina

Along with Brembo and the Marsiaj family, founder of Italian seat belt maker, Enzo Ferrari’s son will be amongst those to purchase a stake in coach builder Pininfarina.

Piero Ferrari, currently vice chairman of Ferrari, will acquire a part in the 100 million Euro capital increase at Pininfarina. The increase was approved by Pininfarina at its annual meeting on Monday and will help finance a restructuring to revive the sluggish company.

Pininfarina family’s stake will be reduced to 30 percent from 55, losing majority control of the company.

The Italian coach builder plans to have an electric city car on the roads of Italy by 2010. The car will first debut with 2,000 and will reach full capacity in in 2012 with 15,000 units.

 

Source: Automotive News (Subscription Required)

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Automotive, Pininfarina[/tags]