Bollare gives boost up to Pininfarina
Filed under: EV/Plug-in
Although Pininfarina, maker of the fantabulous Sintesi concept (pictured above), has been pretty busy designing fancy-schmancy cars and boats and generating huge sales, it has also been losing money the past couple of years. In an effort to continue providing the world with its moving poetry, the company has been seeking a cash injection from an angel-like investor and has now found one in the form of its electric-car project partner, the Bollore Group, of France. During a news conference, Vincent Bollore let it be known that, "We will take part in the capital increase" and that more details should be forthcoming in a few days. The Pininfarina (don't forget to roll the "r") family members have been seeking a total of 100 million euros to get them through this cash squeeze and have even mulled giving up their 55 percent majority control to do it.
Plans for the Pininfarina-branded car collaboration with battery supplier Bollore Group are still a go and are perhaps re-enforced by the announcement. We look forward to any
[Source: Reuters]
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