Mahindra buys Pininfarina.
Indian Automobile major Mahindra and Mahindra have brought Pininfaria to its fold, for $28 million. The rumor mills were busy about the buyout, but it took more than few months for the acquisition to bear fruit. The total value of this deal is more than $125 million (Mahindra will pay around $28 million for 76-percent, and will make offers for the remaining 24 percent. In addition to the cash payout, Mahindra has guaranteed the Italian design house’s creditors more than $125 million and promises to invest a further $20-plus million into the company).
There will be no change in the design house’s long standing agreement with other auto makers, and there are no plans to relocate the company to India. Pininfarina will
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According to sources, while there will be no changes to the way Pininfarina operates, what Mahindra is looking for will be to have design inputs for its home grown brand as well as the acquired brand – Ssangyong. Ssangyong have often been criticized for the looks and that will be one front Mahindra will leverage the power gained by this …show more content…
By 1950, Pinifarina started designing Ferrari’s and have created countless masterpieces such as 250 GT, Daytona, Cisitalia 202 etc. Alfa Romeo followed Ferrari and entered inti a partnership with Pininfarina . The Alfa Giulietta Spider was the first mass produced car by Pininfarina.
Pininfarimna invested heavily into automobile body production, research and development, manufacturing techniques etc. It is a fact that Pinifarina had one of the first full sized wind tunnels for automotive research, back in 1972.
The first foray of Pininfarina to US was with Nash cars, and Nash heavily leveraged their connection with Pininfarina even though most of the Nash models were reworked to suit American tastes. The Nash campaign made Pininfarina a household name in US by mid of 1950s.
Pininfarina have not only designed cars for Ferrari, Maserati, Alfa Romeo, Rolls Royce,Lancia, Cadillac etc but have also designed high-speed trains, buses, trams, rolling stocks, automated light rail cars, people movers, yachts, airplanes, and private jets and have consulted on industrial design, interior design, architecture, and graphic design.
The Why and How of the
Vector sold exotic sports cars and was the only US based manufacturer. Their major competition, Ferrari and Lamborghini, took up 75% of the market share. Gerry’s idea was to make a car based off of aerospace technology. They created the V8 twin turbo which was highly advanced and priced. After selling a total of 13 cars, 45 people were employed. Vector built two other models to increase sell volume and decrease losses.
Ford Motor Company has been and till the date is known as the king of innovations in the automobile industry. Their research & development department and innovation of interchangeable parts in moving assembly lines resulted in extraordinary global extension for them. They are an old heritage who ruled and still doing impressive jobs in the global automobile market. Some prestigious motor brands are also owned by Ford.
In 1903 Henry Ford felt he was ready to market an automobile for the public and the Ford Motor Company was incorporated, this time with only $28,000 in cash put up by a new group of investors. That original investment was spent down to $300 before the company’s first car was sold, but from that time on the company was a success.
This era introduced the automobile industry, the first three producers were Ford, Chrysler and General Motors. The leading car dealer was Ford, founded in 1919 by Henry Ford, he made a car that everyone could afford and buy. The first car manufactured in 1909
In the early 1900’s there were very few car manufacturers in the United States and only the very wealthy owned a car. Henry Ford saw this as an opportunity to produce an affordable vehicle
During the early 1900s, advancements in transportation were a very significant improvement. The two main advances included: automobiles and airplanes. Before the 1900s, people got from place to place by railroad, foot, horses and buggies, and even bikes. The founding of the Ford Motor Company changed the industry incredibly. The United States became the largest car manufacturer.
Since competition between domestic automobile manufacturers was very intense, the Ford Motors Company decided to build Ford Pinto in only 25 month versus normal 43 months. The General Manager of Ford Pinto project, Lee Iacocca, was so obsessed with the idea of creating an affordable car and winning the market, that he specifically set a certain goal for Ford Pinto development team. The goal was that the car should
If someone asks, “What was the first American car?” Many would answer, “Ford’s Model-T.” However, Henry Ford had been manufacturing cars for over a decade before the introduction of the Model-T. The first American car was most likely the Baushke "Autymobile" built in 1894. During that time period there was a boom in start-up manufactures of the new “Horseless Carriage” machines, everybody in the coach and bicycle industry was jumping at the chance to build one. Dozens of manufactures came and went, but a few of those early start-ups still exist today.
In 1903 Henry Ford felt he was ready to market an automobile for the public and the Ford Motor Company was incorporated, this time with only $28,000 in cash put up by a new group of investors. That original investment was spent down to $300 before the company’s first car was sold, but from that time on the company was a success.
Bob Tasca knows his stuff and time and again he has proved just how much he does. His work has been noticed and has earned him praise and appreciation from his peers as well as car enthusiasts all over the world. His exemplary work on the Thunderbolt drag racers put him on the forefront when it comes to designers and when the time came; he was called in to put in some work for the Ford Mustang. Plans to redesign the Mustang for the 1967 and 1968 model years brought about a powerful machine with the 335 horsepower FE Thunderbird engine fitted under the hood.
A fun fact about Henry Ford is that he did not just develop cars, he also created a small town in the Amazon called Fordlandia to create automobiles. It was visioned to be a self-reliant town and rubber-tree plantation. Unfortunately the legacy did not carry on and to this day, the town is
This would not only provide opportunities to Pininfarina (a niche manufacturer) for further modernizing the production facilities but will also provide learning in productivity improvement, increased quality, better inventory control and space utilization, reduce waste – and all in Japanese way (considered to be the best and meticulous in automobile industry).
Q: Was the decision to attract ultra HNI customers through a separate dedicated branch a good idea?
Iranian automakers have not been so busy for years. Between March 2014 and January 2015, the country’s automotive industry has increased its output by about 60 percent, according to the United States Institute of Peace. Freed from the burden of the international sanctions that had almost crashed it, the industry is set to further grow in the next months. Business Monitor International, a Fitch Group Company, forecasts a 27.8 percent increase in the Iranian vehicle production in 2015. European and American players are exploring a re-entry in the Iranian market, should a permanent agreement on the nuclear programme be reached, BMI said.
* Physical infrastructure like roads, highways and bridges affect the use of automobiles. Better these infrastructures better will be the growth opportunities in this sector.