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Pininfarina raises capital for electric car project

In partnership with French industrial group Bollore and Indian automaker Tata, Italian design house Pininfarina is preparing to launch its new electric minicar by 2010. Initial production of the car, which will be sold across Europe, Japan and in the United States, is scheduled to begin at 2,000 units, mounting up to peak manufacturing at 15,000 vehicles annually by 2012. Italian design houses like Pininfarina and Bertone, however, have been struggling to make ends meet. While the latter struggles to emerge from bankruptcy, Pininfarina is ... Read more →

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