Mahin­dra to Buy Out Pin­in­fa­rina

Car India - - BULLETIN -

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.

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