Pininfarina Could Offer Electric Sports Car
It was just last December that we announced the official acquisition of Pininfarina by Tech Mahindra Limited and Mahindra & Mahindra. Only a few months later, Pininfarina showed up at the Geneva Auto Show with the 2016 Pininfarina H2 Speed, and more recently, Mahindra Racing and Pininfarina announced some Formula E concept designs. As you can see, the Mahindra group has been working pretty quickly to take advantage of having Pininfarina under its wing, and now, it looks like Pininfarina is on a mission to develop an all-electric sports car.
As of the time of this writing, details are rather scant, but sources are indicating that something big is in the works. Considering the fact that Mahindra is already well involved in Formula E, and Pininfarina is such an amazing design house, the car is sure to bring the best of both worlds – design and e-power – to the table. Mahindra boss, Pravin Shah, said, “Design plays a critical part in designing vehicles in such a way that they are robust yet pollute the least while giving you the thrill that people want in vehicles.”
So far, we’re looking toward the H2 Speed concept as a potential starting point for this future electric sports car. That car didn’t exactly have all the flare that Pininfarina designs normally have, but we expect the all-electric sports car to be more in line with the brand’s previous designs. For now, little is known, but with news like this coming forward now it would be a crime if more information didn’t come to light in the near future. Who knows, maybe Pininfarina will be able to turn a profit in the next five years now that it is under new ownership.
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Last month, we reported that shareholders and creditors of Italian auto designer Pininfarina had yet to come to a sales agreement with it’s potential buyer. The problem was that potential purchaser Mahindra and Mahindra – the largest SUV producer in the Indian market – was proceeding cautiously. That wasn’t much of a surprise, considering Pininfarina hasn’t made a profit for the better part of the last 12 years. Now, nearly a month later, we’ve learned that an agreement may be reached as early as the end of this week.
The sales negotiations between the two companies, shareholders and creditors have been private, but our sources have been in touch with insiders who spoke behind the curtain of anonymity. The final details left to iron out are the final purchase price of Pininfarina and some issues related to Pininfarina’s cesspool of constantly increasing debt. As of this morning, Il Sole 24 Ore – an Italian newspaper – reported that sales negotiations between the two companies were nearing a close and, after surging 11 percent, Pininfarina’s shares have also been halted. We’re not sure what the outcome will be, but read on for more information.
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Italian design house Pininfarina has been in financial trouble for most of the last decade, leading to the end of vehicle production in 2011. After years of living in the red, it was looking like a purchase by Mahindra and Mahindra would keep the designer in business, but shareholders and creditors weren’t able to come to terms on the sale.
It sounds like the major issue is that the Indian automaker is being "very cautious" while attempting to buy the troubled company "at the lowest possible price." This isn’t exactly a positive sign for the deal to go through. Reuters is reporting that recent talks have been put on hold until September, and while there are still hopes of the company being acquired by Mahindra, Pininfarina is also said to be looking at other options.
With this life-saving injection of cash still up in the air, the report goes on to say that Pininfarina is looking to create a contingency plan if the company needs to soldier on as a standalone business. No details were given, but Pininfarina has been warding off insolvency since 2008.
Things haven’t look much better for Pininfarina so far in 2015, as it recently reported a net loss of €4.4 million ($4.8 million) through the first half of this year alone and has taken on an additional €7.9 million ($8.7 million) of debt raising its total current debt to €52.7 million ($57.8 million) during the same six-month period.
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Mahindra, one of India’s largest automobile manufacturers, is reportedly in talks to buy Italian car design firm Pininfarina. That’s the word from Bloomberg, quoting "people familiar with the matter," which claim the Indian company is closing in on the purchase of Italy’s famous design house. Founded in 1930, Pininfarina has posted losses in 10 of the past 11 years as it struggled with debt. Despite numerous attempts to restructure debts, Pininfarina ended all mass automotive production in late 2010 with the conclusion of the contract to build the Alfa Romeo Brera and Spider.
Pininfarina still cooperates with a number of carmakers though, including Mahindra. The Italians had worked on the Indian company’s Halo electric sports car concept shown in 2014 and currently provides input on SUV development. Mahindra declined to comment on takeover talks, but Pininfarina’s shares surged 26 percent Wednesday, the biggest gain in almost four years, since the rumor emerged. Mahindra stock also gained 1.5 percent. Representatives of the two firms have been negotiating for weeks, but talks could still fall apart, the report added. Should Mahindra buy Pininfaria, the Italian house could help revamp the Ssangyong SUV brand, which the Indians purchased in 2011.
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Concept cars don’t come any cooler than the Pininfarina Sergio Concept. The radical sports car was introduced at the 2013 Geneva Motor Show and the incredible reception it received immediately gave rise to reports that Pininfarina was contemplating on building a limited number of models.
Those reports laid dormant for a while but now it looks like the Sergio Concept will indeed make it to production. TheSupercarkids reported that a production model is currently in the works. There’s even an alleged rendering of the final production version of the Sergio Concept, completed with windows and an actual windscreen.
The Sergio Concept originally created a stir because it lacked both side windows and the front windscreen - rather important equipment for even the most basic vehicular transportation.
The rendering shows a more complete design that actually looks like it was based on the 458 Italia. There are no indications that Ferrari and Pininfarina are planning to work together, but the resemblance is pretty striking.
Engine specifications are still being kept under wraps, but the concept version did come with a 4.5-liter V-8 engine that produces 562 horsepower. That’s similar to what the 458 IItalia has under its hood. Put those numbers to use and the Sergio Concept can hit 62 mph in just 3.4 seconds with a top speed of 198 mph.
Should a limited-run production version come to fruition, expect the price tag to reach somewhere close to $2 million.
Click past the jump to read more about the Pininfarina Sergio.
For true Ferrari enthusiasts that are planning to visit Italy during the Winter holidays, Ferrari has a treat in store for you.
Ferrari has opened an exhibition to pay tribute to the late Sergio Pininfarina and the not-to-be-forgotten Pinin Farina, by showcasing every model that has been designed by the man himself and his team. The idea behind the exhibition is to show the public the exemplary creations that came out from the Pininfarina drawing board. The exhibition includes 11 models that are divided between the front-engined berlinettas, such as the 1964 275 GTB4 and the Spider version of the legendary Daytona, the mid-rear-engined models, notably the milestone BB, and the contemporary creative evolution which encompasses, amongst others, the Testarossa and the 599 SA Aperta, the latter a homage by Ferrari to Sergio and Andrea Pininfarina. The highlight of the exhibition is the famous Modulo concept which previously was an unseen exhibit from the Pininfarina family’s private and company collections.
This exhibition was opened on October 27th and it will remain open until January 7th, 2013. So, anybody who is going to Europe, or Italy in that matter, can visit that museum before January 7th and behold the Italian passion that emanates from every single Pininfarina-designed Ferrari on display.
Sergio Pininfarina, the former chairman of the legendary Italian design firm, Pininfarina, has passed away at age 85 at him home in Turin, Italy on Tuesday.
The Italian design firm formed in 1930 by Sergio’s father, Battista “Pinin” Farina, has designed many of the classic Ferrari’s throughout the decades, with the recently retired 599 GTB Fiorano and the present 458 Italia both being created by the firm.
A host of other Italian cars have also been designed by Pininfarina, including the Alfa Romeo Brera still in production with Pininfarina’s very first mass-produced design being the Alfa Romeo 8C 2300 of 1933. Since then, the company has gone on to bigger and better things, despite the brand having to recently stop producing cars and instead focus solely on the design side of affairs. Other notable companies affiliated with Pininfarina include Cadillac and Volvo.
Sergio Pininfarina took over as chairman of the company in 1966, after his father’s death, and he’s survived by his wife of 60 years and their two children.
Concept cars have always been an integral part of any major auto show. These events give automakers an opportunity to showcase some of the most outlandish and over-the-top vehicles we’ll ever see.
Now that doesn’t mean that these concepts will translate to production. Actually, very few do with most of them forgotten long after the auto show ends.
At the 2012 Geneva Motor Show, we saw a lot of concept cars that piqued our curiosities one way or the other. Some were fancy, some were strange, and some just completely blew us away.
In the end, the concept cars at the 2012 Geneva Motor Show delivered on the promise of providing some edge and flavor to the proceedings. On the list below, we’ll show you all of the concepts that caught our eye, and if we do say so ourselves, some of those are just too awesome to not be sent to the production line.
Check out the concept cars from the 2012 Geneva Motor Show after the jump.
Looking ahead to the 2012 Geneva Motor Show this March, Italian coach builder Pininfarina has officially unveiled the first teaser image of their latest ground-breaking creation: the Cambiano.
As is the case with a lot of teasers coming out these days for Geneva, Pininfarina is keeping a closed lid on any information surrounding the Cambiano, opting only for a few descriptive sentences to kick-start our imaginations into complete overdrive.
In the case of this intriguing concept, Pininfarina has bared this nugget of information describing the car: "it is an elegant and refined sport sedan, conceived with great attention to the environment, both as to the engine and as to the materials’ choice."
Reading between the lines, it appears that the car could be some sort of hybrid sports car that carries the company’s distinctive and provocative styling. Consider us intrigued. As far as the name of choice is concerned, Pininfarina chose Cambiano as a tribute to the city hosting the Pininfarina Group’s headquarters. It’s also no coincidence that the car is being prepared as a celebratory model of sorts to honor of the 30th anniversary of the Styling Center and the 10th anniversary of the Engineering Center, two branches of Pininfarina that have played critical roles in the design and build of a lot of their ultra-exclusive exotics.
We’ll have more info surrounding the Cambiano in the weeks and days leading up to the Geneva Motor Show. For now, you can ogle over the teaser image of the car, which is what we’ve been doing for some time now.
UPDATE 01/13/2012: Pininfarina has unveiled the second teaser for their Cambiano concept; an image that reveals part of the side of the vehicle. It looks as though the Cambiano will have a short bonnet and a set of large alloy wheels. There also seems to be no air inlets, leading us to believe this could be a full-electric vehicle.
UPDATE 01/19/2012: We are getting one step closer to the official opening of the Geneva Motor Show and Pininfarina is offering us a new teaser image of their Cambiano concept. This was shows off the intricate detailing of the roof. Enjoy!
UPDATE 02/06/2012: Pininfarina is continuing its teaser session for the Cambiano concept with a new video of the car set to be released at the Geneva Motor Show. Enjoy!
Pininfarina, the epic auto design and coachbuilding company responsible for the likes of Ferrari and Maserati models, is taking its breakdown to the next level by announcing that it will no longer be producing cars. This news comes about two years after the company sold its auto assembly and painting business. From now on, Pininfarina will only be in the automotive design business.
"Unfortunately we are having to stop our production activities, given the way the car market is. So we are focusing on design and engineering," a Pininfarina spokesman said. Since this decision was made, Pininfarina has already begun laying off the first few of the 127 employees that will be losing their jobs, a task that is costing them a total of 2.9 million euro ($3,900,000 at the current exchange rates)
It didn’t seem as though Pininfarina had much choice in the matter considering their business had plummeted since the beginning of the economic crisis in 2008. There was a time when Pininfarina produced 40,000 vehicles in one year, and in 2010, that number dwindled down to 7,000. Now that their only focus will be on design, we expect to see great things from the Italian company.
While Pininfarina is busy designing models for Ferrari, concept designer Peter Norris is taking a break from his job in the video games and entertainment industry to design a future luxury sports car concept that is "clean, unfussy, elegant and fast." These attributes led him to the Pininfarina Coupe Concept, a front engined model combined with a rear wheel drive system.
Norris’ design inspiration for the Pininfarina Coupe Concept came from the love of his very own Fiat Coupe 16v Turbo with some Ferrari lines thrown in to polish it over. The Pininfarina Coupe’s look is characterized by the ultra low roofline and the accentuated front and rear fenders. The sleek profile is exaggerated further with large wheels that visually shorten the height of the sports car. At the back of the Pininfarina are a set of C-shaped LED taillights.
When talking about his concept, Peter Norris said: "much of my work is focused strongly on science fiction and the distant future, but with this project I wanted to create an elegant and unfussy design with classic lines that could be on the road today."
“The Pininfarina styling inside as much as outside just oozes with Italian flair and really was, and still is different to anything else on the road. Some people have referred to it as a “baby Ferrari”.
Somehow we don’t see a luxury sports car like this toting around the 190 HP 2.0L 16V Turbo engine as seen on the Fiat Coupe, but since the Pininfarina Coupe Concept was also inspired by Ferrari, we’d love to see something along the lines of the 458 Italia’s 570 HP 4,499 cc V8 engine. Not a likely scenario, but we can dream.