Mahindra & Mahindra close to buy Italian car designer Pininfarina at sharp discount
As part of the agreement, Mahindra will inject about 150 million euros ($165 million) in the business to refinance its debt and provide fresh capital for investments.
Milan Last Updated: December 15, 2015 | 09:54 IST
The Italian company has been loss-making for years, partly because carmakers have brought design in-house rather than hire independent design firms. Photo: Reuters