Report: Pininfarina May Lose Company to Creditors

Mounting debt and heavy losses in 2011 may mean the Pininfarina family will lose control of its eponymous Italian design studio, long the favored design firm of Ferrari.�Reuters reports that a new debt agreement may see the Pininfarina’s 77-percent stake in the company given to credit agencies. Carrozzeria Pinin Farina was founded in Turin, Italy [...]

Source: http://rumors.automobilemag.com/report-pininfarina-may-lose-company-to-creditors-110197.html

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