Indebted Pininfarina Seemingly on Verge of Being Sold, Future of Name Unknown

Pininfarina is broke and banks are on the verge of taking over a controlling stake in the company, we’re hearing in reports from Italy. The legendary Italian design firm has more than $99 million in debt; while General Motors had almost $173 billion in debt before it went bankrupt, $99 million is an insurmountable sum [...]

Source: http://feedproxy.google.com/~r/caranddriver/blog/~3/30ZeYCVFEkE/

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