Tata Motors to purchase 50.7% stake in Pininfarina?
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Autocar U.K claims Tata Motors will perhaps purchase 50.7% stake in the Italian design house that's designed every Ferrari till date.
Pininfarina concluded on the decision to sell 50.7% stake (major) at a board meeting held last week and has tied up with a bank to assist with transactions.
Whether Tata Motors is among the bidders is still not confirmed.
Every model except the Tata Prima have been designed by I.D.E.A or Tata's in-house design. The fascinating Tata Prima concept shown at the Geneva show in March this year, is a product of Pininfarina.
Source - Autocar U.K
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