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Pininfarina Expects Profit Return in 2014

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Pininfarina Expects Profit Return in 2014

Pininfarina, the well-known Italian automotive design company, said that it expects to report increased operating profit in 2014 after a loss last year to 3.3 million euro from 8.3 million in 2012.

Pininfarina said that last year it had reported a net loss of 10.4 million euro in 2013,a decrease from a profit of 32.9 million euro reported in 2012 when the company took advantage of the non-recurring earning of almost 45 million euro. Ahead of this statement, Pininfarina shares increased more than 13% and reached 5.33 euro a share, the highest level since 2011.

The Italian automotive design company has designed vehicles for many famous automakers such as Rolls-Royce, Ferrari, Maserati, Peugeot, Fiat, GM and Cadillac.

This year, at the 2014 Geneva Motors Show, the amazing BMW Pininfarina Gran Lusso Coupe made a hit. Although the model has been previously presented last year at the Concorso d’Eleganza Villa d’Este, the car still wowed everyone.

Pininfarina has designed only cars, but also trams, rolling stocks, buses, high-speed trains, people movers, yachts, automated light rail cars, private jets and airplanes. In 1986 it was created the Pininfarina Extra, the company has also entered into the industrial design, architecture, interior design and graphic design.

Pininfarina was founded in 1930 in the Italian city of Torino. At its height in 2006, the company employed 2,768 people – but at the end of 2012 employment has shrunk to 821.

by Mircea Serafim (my Google+) - Friday, March 21st, 2014 - filed under Industry, News. Image credit: .
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