Tata Motors puts italian designs on slow track

by: Lijee Philip 9 Apr 2010 | 1 views
Year: 2009 | Document Type: ARTICLE | File Format: html | Language: uk
Tata Motors puts italian designs on slow track
The Economic Times, 18 August 2009

Abstract/Summary

MUMBAI: Tata Motors may not join the race to pick up a majority stake in Italian car design firm Pininfarina, contrary to expectations that the Indian carmaker will make a bid to fulfil its plan to have a specialised design company.

The Tatas are not keen because the firm, which has developed cars for the likes of Ferrari, Jaguar and Rolls-Royce, has recently lost a number of key people from its design team, people familiar with the development said. Tata Motors, however, is looking at picking up minority stake when Pininfarina opens an India centre, a company spokesman said.

(Source: The Economic Times)

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