The Bolloré Group bought the stake in the company VEBP, Véhicules Electriques Pininfarina Bollore, Pininfarina. VEBP The joint venture was created in 2009 to facilitate the production of the electric Bluecar. With this budget package are moved around € 10 million of capital and will still remain the preferred supplier to Pininfarina.
Most likely, Pininfarina decided to abandon the joint venture because if Bolloré had requested an increase in capital to invest in, then Pininfarina would not have been able to cover the economic effort. This is because the 2010 budget of the Italian showed a heavy € -33.1 million, although turnover has been increasing.
Most likely, Pininfarina decided to abandon the joint venture because if Bolloré had requested an increase in capital to invest in, then Pininfarina would not have been able to cover the economic effort. This is because the 2010 budget of the Italian showed a heavy € -33.1 million, although turnover has been increasing.
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