‘Indian’ Mahindra buys ‘Italian’ Pininfarina

#hashtags: #Designing #Pininfarina #Mahindra

Designing one of the best car designs from 20th century, the Italian brand maker ‘Pininfarina’ design has been brought up by the Indian auto maker Mahindra. After a few months of speculations, Mahindra, has confirmed the take over. Mahindra will pay around $28 million for 76-percent of the Italian design house, and plans to make offers for the remaining 24 percent. In addition to the cash payout, Mahindra has guaranteed the Italian brand’s creditors more than $125 million, and promises to...