Pininfarina to close down its auto production activities and focus on design

Article by Christian A., on October 12, 2011

We have bad news for Pininfarina fans, as the well-known Italian company will close down its auto production activities. Still, don’t be sad, as the firm will now concentrate on its design and engineering operations, which means that we will still see cars wearing the Pininfarina badge on the side. For those who don’t know, Pininfarina designed almost every Ferrari sports car since 1950s.

Now, that the market is changed, Pininfarina will lay off 127 workers in the production sector and in this way will save 2.9 million euros.

"Unfortunately we are having to stop our production activities, given the way the car market is. So we are focusing on design and engineering," a Pininfarina spokesman said on Tuesday, according to Autonews.

Back in March the company announced that it will sale its stake in a car production joint venture with Volvo Cars. Vincent Bollore, the French billionaire, showed its interest in acquiring a stake in Pininfarina, which is now being sold by the family owner due to the debt restructuring agreed with banks in December 2008.

Topics: pininfarina

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries