The coming weeks will be crucial to know if finally the company of the indian Mahindra & Mahindra will take control of Pininfarina as the impediments in the negotiations seem to have been released.
Hace months that we have been talking about the subject, but everything seems to indicate that yes, now Mahindra &Mahindra is on the verge of acquiring the signature of Italian design Pininfarina SpA. The history dates back to several months ago, when the company of indian origin tried to acquire the Italian firm, but the creditors of Mahindra refused to approve the agreement.
But the indians insisted to be able to achieve an agreement that would set a sale price that it would be fair to all parties, especially with the heirs of Sergio Pininfarina, who are owners of 76% of the company Pincar, foreclosed for lack of payment of their credits, with debt during the first half of this year exceeded 52 billion euros.
Pininfarina was founded in the year 1930 and has designed some classic car brands like Ferrari or Alfa Romeo. For the company of Indian origin, to achieve the control of the firm’s Italian design would mean a move would establish a design more sophisticated to their vehicles, especially the brand SsangYong and by that not even the own Mahindra.