Indian Automaker Mahindra Buys Legendary Design House Pininfarina For Chump Change

Indian manufacturer Mahindra has just completed its acquisition of famed Italian design house Pininfarina with a buyout worth about $28 million.

The Mahindra Group itself includes a selection of smaller firms. Those who have acquired a controlling stake in Pininfarina are Tech Mahindra Limited, a provider of IT and engineering solutions and automaker Mahindra & Mahindra.

The newly signed deal, which has been in the works for months, will see Mahindra purchase a 76.06 per cent share in Pininfarina, with those shares coming from existing shareholder Pincar. In the near future, Mahindra is hoping to make an offer for the remaining 24 per cent of Pininfarina.
 

TheSteve - 12/15/2015 1:21:29 PM

+1 Boost

I don't know what Pininfarina is today, but they used to design Ferrari's coachwork back in the days when Ferrari was known for creating the most stunningly beautiful cars in the world.

Ferrari dumped Pininfarina, and today's Ferraris, while still being world-class performers, look awkward, disjointed, dissonant, and are anything but "stunningly beautiful".