Press Releases

  • Pininfarina boosts its presence in China with a Product Development Centre in Shanghai

  • Pininfarina boosts its presence in China, finalising an agreement to open a Product Development Centre in Shanghai. Two preliminary agreements, signed a few days ago by CEO Silvio Pietro Angori, cover future collaboration with Tsinghua Unversity of Beijing and Tong Ji University of Shanghai.

    “Pininfarina was the first Italian company to provide styling and engineering services to Chinese carmakers, back in 1996,” commented Angori. “We have been in China for over a decade now, with an office in Beijing that opened in the Nineties, and our presence has contributed to the development of highly successful models on the world’s largest car market. The three agreements signed in the last few days are proof of our company’s capacity to penetrate the Chinese market, where business will increase further in the coming years, in the fields of styling, engineering and ecomobility.”

    The first of the three agreements regards Shanghai International AutoCity Development (SIAD), the government agency with which Pininfarina is committed to establishing a Product Development Centre in the region of Shanghai, with the goal of localising some of its engineering activities for Chinese automotive OEMs. SIAD will support Pininfarina during the start-up of the new Centre and in its relations with the authorities, with customers and with suppliers. Also in Shanghai, Pininfarina has outlined a preliminary agreement with Tong Ji University regarding joint personnel training activities and research in fields that range from vehicle design architecture to the virtual and physical validation of prototypes.

    A third agreement has been signed with the Department of Industrial Design of Tsinghua University in Beijing and regards collaboration, for an initial period of 3 years, in design activities to strengthen teaching and industrial input, student training, applied research and specific projects that will simplify academic exchanges between the Pininfarina Design and Engineering Centre in Cambiano (Turin) and the University’s main campus. They will include applied design projects, work experience and training programmes, joint conferences, workshops and joint degree projects.

    Since 1996, Pininfarina has extended the scope of its activities on the Chinese market, developing projects with a number of manufacturers: AviChina (Hafei), Chery, Changfeng, Brilliance and JAC. At the 2010 Beijing Motor Show there were seven premium car models on display that were designed and engineered for the Chinese clients Brilliance, JAC and Chery. Among them, the restyled Brilliance Junjie, designed and engineered by Pininfarina, made its world debut in saloon and station wagon versions, based on the previous versions also designed by Pininfarina, allowing Brilliance to establish itself as a premium brand. Other models recently introduced on the market by Pininfarina’s important Chinese clients included two and three-box versions of the Chery A3 and two models for JAC (Anhui Jianghaui Automobile Co. Ltd.): the B-MPV people-mover and the B-Class saloon, which won awards such as the “2009 China’s Annual Best Medium-Size Car" and the Annual Expectation Auto Model. The 3-box A108 (Tojoy) saloon was also designed and developed for JAC, whom Pininfarina has been working with since 2005; this highly successful model was the first Chinese car to win the prestigious China New-vehicle APEAL (Automotive, Performance, Execution and Layout) Segment Award assigned by J.D. Power (Asia Pacific).

  • 29 July 2010
  • Mitsubishi Arbitration Award

  • Pininfarina S.p.A. was informed of the award handed down in the arbitration proceedings between the Company and Mitsubishi Motors Europe BV.

    Pininfarina was a party to arbitration proceedings activate by Mitsubishi before the International Chamber of Commerce in Paris, in which Mitsubishi was seeking compensation for damages of about 43.4 million euros.

    The Company completely rejected Mitsubishi’s claim and, in turn, filed for arbitration, asking that the Board of Arbitrators find Mitsubishi liable and, consequently, order it to pay compensation for the damages suffered by Pininfarina and for repayment of the investments made pursuant to contract.

    The outcome of the proceedings was partly favorable to Pininfarina, to whom the Board of Arbitrators awarded the amount of 37,934,385 euros plus interest as repayment of the investment made under a contract to develop and produce the Mitsubishi Colt Cabrio automobile.

    However, the Board of Arbitrators also partially granted some of Mitsubishi’s claims totaling 20,533,044 euros plus interest.

    As a result, the Board of Arbitrators ordered Mitsubishi to pay to Pininfarina the net amount of 17,401,341 euros plus interest, which, as of today’s date, brings the total to 19,167,365 euros.

    Based on the terms of the arbitration award, the Company will recognize a negative effect (included in the data at June 30, 2010 scheduled for approval by the Board of Directors) of 28,564,459 euros, including 5,947,562 euros for writedowns of Mitsubishi financial receivables (carried at 47,731,824 euros), and 22,616,897 euros for the amount that Pininfarina owes to Mitsubishi.

  • 21 July 2010
  • Pininfarina celebrates its 80th anniversary

  • Undersecretary Gianni Letta and Foreign Secretary Franco Frattini are godparents to the new Pininfarina Collection

    The Nido EV, the prototype electric car designed by Pininfarina, debuts at the celebrations to mark the company’s 80th anniversary

    More services and sustainable mobility in the future

    Turin, May 21, 2010 – Pininfarina celebrates an anniversary full of novelties. To celebrate 80 years of activity, today, at company headquarters in Cambiano (Turin), Chairman Paolo Pininfarina and CEO Silvio Pietro Angori will inaugurate the Pininfarina Collection, an exhibition of models that have made the brand’s history. In the presence of Cabinet Undersecretary Gianni Letta, Foreign Secretary Franco Frattini, the Chairman of the Turin Industrialists’ Union Gianfranco Carbonato, Ferrari Chairman Luca Cordero di Montezemolo and designer Chris Bangle, the Nido EV, a prototype electric car conceived, designed and built entirely by Pininfarina, will be unveiled for the first time, and a new book, “Pininfarina” by Decio Giulio Riccardo Carugati (Electa), will be launched.  …

  • 21 May 2010
  • Quarterly Report of the Pininfarina Group

  • Results in line with the Industrial and Financial Plan
    Consolidated net loss reduced by 27%
    Repaid third installment to the Lender Institutions: 84 million euros repaid since the end of 2008

    Cambiano (To), April 30, 2010 – The Board of Directors of Pininfarina S.p.A., meeting today under the chairmanship of Paolo Pininfarina, approved the Report on the Group’s Operations in the First Quarter of 2010.

    Download the complete document in PDF format

  • 30 April 2010
  • Seven Pininfarina models for the Asian market at the Beijing Motor Show

  • World debut of the Brilliance Junjie restyling saloon and SW, both designed and developed by Pininfarina

    Prize-winning models developed for Chery and JAC also on show

    Turin, April 23, 2010. Pininfarina makes an important statement at the 2010 Beijing Motor Show, with seven premium cars designed and engineered for its Chinese clients Brilliance, JAC and Chery. The Brilliance Junjie restyling saloon and station wagon make their world debut, both designed and engineered by Pininfarina and derived from the previous versions also designed by Pininfarina, allowing Brilliance to establish itself as a premium brand.  …

  • 23 April 2010
  • The Pininfarina 2uettottanta at Villa d’Este

  • The open sports car built to celebrate the company’s 80th anniversary is Alfa Romeo’s guest at Villa Erba

    Two other gems from Pininfarina also in contention: the Ferrari P540 Superfast Aperta and the
    Lancia Aurelia B52 PF 200

    Turin, April 22, 2010 – The 2uettottanta, the open sports car created by Pininfarina to celebrate its 80th anniversary, is Alfa Romeo’s guest at the Concours D’Elégance Villa d’Este 2010, during the weekend of April 23 to 25.

     …

  • 22 April 2010
  • Reports of the Independent Auditors

  • Turin, April 15, 2010.  As required by Consob Communication No. 9081707 of September 16, 2009, Pininfarina announces that the Reports of the Independent Auditors on the 2009 financial statements of Pininfarina S.p.A. and the Pininfarina Group were issued — as was the case for the reports on the 2008 financial statements — with positive opinions and without qualifications, and contained a reference to a disclosure provided in the Report on Operations by the Board of Directors with regard to uncertainties about the Company’s ability to continue as a going concern and the decision by the Board of Directors to nevertheless continue preparing the Company and Group annual financial statements at December 31, 2009 on a going concern basis.

    Copies of the Reports of the Independent Auditors on the 2009 financial statements of Pininfarina S.p.A. and the Pininfarina Group are annexed to this press release.

  • 15 April 2010
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