India's Mahindra in talks to buy luxury car designer Pininfarina, say sources
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Milan
INDIA'S Mahindra & Mahindra is in talks to buy a majority stake in luxury car designer Pininfarina in what would be the latest Asian bid for an iconic Italian brand, three sources with knowledge of the matter said on Wednesday.
Shares in Milan-listed Pininfarina, which has designed cars for Ferrari, Maserati, Rolls-Royce and Cadillac, jumped 21 per cent to 4.96 euros, their highest in nearly a year on hopes of a takeover by India's largest maker of sport utility vehicles.
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