Mahindra to Buy Out Pininfarina
The Mahindra-Pininfarina deal has been in the works for quite a while and finally progress has been made. Pininfarina announced that they would finalise the deal in the next few weeks, thus making the buyout public. Pininfarina has designed cars for Ferrari, Maserati, Rolls-Royce and Cadillac, but has been in debt and making losses over the past few years. This deal will benefit both companies: Mahindra will receive future designs from one of the world’s best, and Pininfarina will be able to pay o its existing debts.