Ferrari’s Son to Buy Shares in Pininfarina Along With India’s Tata Motors

Pininfarina confirmed today that the son of Enzo Ferrari, Piero (VP of Ferrari) will be among those who will be buying shares in the problematic Italian car design and manufacturing company. The other investors are Indian industrialist Ratan Tata, French financier Vincent Bollore, Alberto Bombassei, the Italian chairman of braking systems maker Brembo and the Italian Marsiaj family, founders of seatbelt maker Sabelt.

Currently, the founding Pininfarina family holds a 55% stake in the Italian company but in order to finance a restructuring plan to revive its struggling business, it is willing to reduce it to about 30 percent, which will still allow the family to control the famous company.

Via: Reuters