Pininfarina, the Italian design and engineering firm, has announced that Piero Ferrari — the son of Ferrari founder Enzo Ferrari — along with two other Italian investors will be buying a stake in the company. Earlier this week, India’s Tata Motors and French industrial group Bollore announced that they would be taking a minority stake in Pininfarina.
In addition to Piero Ferrari, Alberto Bombassei — chairman of Brembo — and the Marsiaj family — founders of seatbelt maker Sabelt — will also be investing in Pininfarina, says Reuters.
Pininfarina is planning to raise 100 million euros in capital by mid-year in order to bring the firm out of a financial tailspin.
Part of the proceeds will be used to bring the Sintesi Concept from a show car to a production model.
