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    New Ferrari's to be designed by Canadian company

    Well, not exactly... Smiley

     

    Magna in talks to acquire Pininfarina

     

    Magna International Inc. (MG-T 49.33) is in discussions to acquire Italian contract auto manufacturer and design house Pininfarina SpA.

    Trading in the Italian company’s shares was halted on the Milan Exchange after rising more than 12 per cent after reports of the discussions appeared first in Automotive News Europe.

    The 80-year-old Italian company, founded by the Farina family that later changed its name to Pininfarina by presidential decree, has fallen on hard times since the days when it designed such sports cars as the Alfa Romeo Spider, the Ferrari Testarossa and less successful cars such as the Cadillac Allante in the 1990s.

    A deal would enhance Magna’s position as the largest manufacturer of vehicles on contract for the world’s auto makers through its MagnaSteyr assembly operation in Graz, Austria. A deal would also strengthen Magna’s design and engineering expertise.

    Magna spokespeople would not comment on the discussions.

    But Bloomberg News quoted Dieter Althaus, a vice-president of Magna’s European operations, as saying the acquisition “would earn us additional competence on development matters.”

    Pininfarina's second-quarter financial results included the statement that: "As it is well known, Pininfarina S.p.A. is in the process of being sold ..."


    Re: New Ferrari's to be designed by Canadian company

    Not funny Smiley

    U almost gave me a heart attack!!


    Re: New Ferrari's to be designed by Canadian company

    Oh wow, im not sure about this news..


    --

    indeed shifting is ancient technology - so is a fuel burning engine..  I happen to like both :) 


    Re: New Ferrari's to be designed by Canadian company

    koko:

    Not funny Smiley

    U almost gave me a heart attack!!

    You are obviously afraid that Ferraris could end up looking similar to this Porsche designed in America Smiley:

    American Porsche.JPG


    --

    fritz


    Re: New Ferrari's to be designed by Canadian company

    fritz:
    koko:

    Not funny Smiley

    U almost gave me a heart attack!!

    You are obviously afraid that Ferraris could end up looking similar to this Porsche designed in America Smiley:

    American Porsche.JPG

    Smiley


    --


    Re: New Ferrari's to be designed by Canadian company

    fritz:
    koko:

    Not funny Smiley

    U almost gave me a heart attack!!

    You are obviously afraid that Ferraris could end up looking similar to this Porsche designed in America Smiley:

    American Porsche.JPG

     

    SmileySmileySmileySmileySmiley    Smiley


    Re: New Ferrari's to be designed by Canadian company

    Hey, that's the new Cayman Hybrid


    --

    indeed shifting is ancient technology - so is a fuel burning engine..  I happen to like both :) 


    Re: New Ferrari's to be designed by Canadian company

    Atzporsche:

    Hey, that's the new Cayman Hybrid

     If it is, then I'm guessing they bred it by crossing it with an upturned bedpan. Smiley


    --

    fritz


    Re: New Ferrari's to be designed by Canadian company

    fritz:
    Atzporsche:

    Hey, that's the new Cayman Hybrid

     If it is, then I'm guessing they bred it by crossing it with an upturned bedpan. Smiley

     No, you are confusing it with the new bio-fuel version.


    Re: New Ferrari's to be designed by Canadian company

    Eunice:
    fritz:
    Atzporsche:

    Hey, that's the new Cayman Hybrid

     If it is, then I'm guessing they bred it by crossing it with an upturned bedpan. Smiley

     No, you are confusing it with the new bio-fuel version.

    They have one which runs on organic waste? That's progress, I guess. 

    Here's a front view of an upturned bedpan. As you can see, it looks a lot like the car in the photo I posted previously:

    Upturned bedpan.jpg

     


    --

    fritz


    Re: New Ferrari's to be designed by Canadian company

    Max speed 75 m/ph lol

    Re: New Ferrari's to be designed by Canadian company

    ^ And that is a fail.


    --

    indeed shifting is ancient technology - so is a fuel burning engine..  I happen to like both :) 


    Re: New Ferrari's to be designed by Canadian company

    Report: Beijing Auto, Mahindra named in list of likely Pininfarina buyers

     

    Reports from Italian media have listed the names of companies interested in taking over design and engineering specialist Pininfarina S.p.A. At the top of this list of up to 10 carmakers and private equity firms are Beijing Automotive Industry Holding Corp. and India's Mahindra & Mahindra Ltd. The other companies in this list include: Brilliance China Automotive Holdings Ltd. (BMW AG's Chinese joint venture partner); China's Anhui Jianghuai Automobile Co.; and India's Bajaj Auto Ltd. Sources who spoke to Automotive News Europe pointed at Canadian-Austrian parts supplier Magna International Inc. to be on this list as well. Pininfarina has yet to comment on this issue.

     

    After Magna's interest in the company was revealed in a Nov. 17 publication of the ANE story, Pininfarina gave out a release to say it is looking to collect expressions of interest from potential buyers. It stated that when there are negotiations arrive at the point wherein there would be serious communications, the company will do with “the usual transparency." Magna also declined to comment on this matter and according to a Magna Europe spokeswoman, the company’s stand not to comment remains.

     

    In an interview with Bloomberg News, Dieter Althaus, a vice president at Magna's European unit, said that this type of acquisition would make the company earn a higher level of competence level on development matters. He said that the company is “considerably engaged in the field of engineering,” where design and technology are factors. [via autonews - sub. required]]


     
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