Mahindra’s attempt to buy Italian design firm Pininfarina collapsed over the weekend due to opposition by the latter’s creditors.
According to Italian newspaper Il Messaggero, three or four banks holding Pininfarina’s €87 million ($97 million USD) debt rejected a deal by the Indian company to buy the design house with the idea of writing off half of said debt, Reuters reports; Mahindra and Pininfarina had worked on SUVs and concepts in the past. Pininfarina will now seek a new debt restructuring agreement.
Had Mahindra’s deal been approved, the company would be the latest to acquire ownership of an Italian company in a series of foreign takeovers, such as ChemChina’s purchase of tire manufacturer Pirelli earlier this year, amid Italy sorting itself and its economy out.
(Photo credit: RL GNZLZ/Flickr/CC BY-SA 2.0)
That wheel arch on the back is more gross than the one on the front of the last gen Mazda 6.
Really?
I was going to say that Mitsubishi should rebadge whatever that is as the next Endeavour as long as it has three rows of seats.
I too like the funky rear fender. It’s fitting for this type of vehicle. Besides, GM gets away with funky square wheel arches, so…
In white, it looks like someone was styling a car from frosting, and they really messed up all the sudden, not bothering to smooth it back out. Gross.
Darn. I was looking forward to saying “Mahininfarina” or “Pininfarindra”.
Did Mahindra purchase the last gen Oldsmobile logo from the GM bankruptcy trust?
Is this Mahindra’s pig snout a result of gaming the light truck classification like the UDSM Lexus NX and they plan to sell it here?
Or is it that ugly even in countries where it needn’t be?
That is really, really ugly. Although I was thinking of a camel’s snout, rather than pig.
You’re right, I see the goofy camel lips.
Between the completely superfluous rear wheel arch, the hideous bottle opener door handles, and the fake plastic diamond panel fill at the front, I can almost feel my breakfast coming back up.
And I don’t eat breakfast.