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emc^2
FCK MNML



Registered: Mar 2005
Location: 255.255.255.255
Sad sad and ironic... Pinifarina killed by a car

A designer of the world's most gorgeous cars (Ferrari is one of them) has been killed by a car. Sad and ironic at the same time.

RIP Andrea... Your marvels live on.

http://www.bloomberg.com/apps/news?...AI&refer=europe

quote:
Aug. 7 (Bloomberg) -- Andrea Pininfarina, chief executive officer of Pininfarina SpA, a designer of sports cars including Ferrari Testarossas and Fiat SpA's Alfa Spider, died in an accident today. He was 51.

Pininfarina died instantly after his Vespa scooter collided with a Ford Fiesta about 8:15 a.m. in Trofarello near the northern city of Turin, Italy, said police official Luigi Semenzato. A company spokeswoman declined to give more details.

The auto-design company, founded in 1930 by Andrea's grandfather Battista ``Pinin'' Farina, has developed cars for Fiat unit Ferrari SpA for more than 50 years. It's currently working on five vehicles, including Ford Motor Co.'s Focus Coupe Cabriolet and Fiat's Alfa Brera. The company, based in Turin, posted losses in the past four years as production costs exceeded orders from clients.

Pininfarina was leading the company's attempt to restructure and restore profit. As part of their turnaround strategy, Pininfarina is planning to sell 100 million euros ($155 million) of new shares to existing investors, French billionaire Vincent Bollore and India's Tata Motors Ltd.

``The market now is speculating about a potential sale of the company,'' said Luca Sega, who helps manage 300 million euros ($464 million) at Aperta Sgr in Milan.

The shares rallied 21 percent to 7.25 euros in Milan trading today and were repeatedly suspended for excessive gains. Pininfarina has lost 69 percent in the past 12 months, leaving the company with a market value of 68 million euros. That compares with a 27 percent decline of Italy's S&P/MIB stock index.

Turnaround Strategy

The Italian car designer's loss widened to 114.9 million euros in 2007 from 21.9 million euros a year earlier, after writedowns of 69.6 million euros. The company, 55 percent owned by the Pininfarina family, in December announced an electric-car joint venture with France's Groupe Bollore and is seeking to boost its engineering business to restore earnings.

``I'm quite confident his company will overcome this terrible shock,'' Bollore said in an e-mailed statement. He called Pininfarina ``an outstanding entrepreneur and always on the cutting edge.'' Luca Cordero di Montezemolo, chairman of Fiat and Ferrari, said the businessman was a ``symbol'' of entrepreneurship.

Pininfarina was one of the two sons of Sergio Pininfarina, who is honorary chairman of the company and an Italian senator for life. Andrea's younger brother Paolo is Pininfarina's vice chairman and his sister Lorenza sits on the board.

`Personality'

Italy's president in 1961 approved a request by their grandfather Battista, nicknamed ``Pinin,'' to change the family's surname to Pininfarina.

``I'm deeply saddened,'' Italian Prime Minister Silvio Berlusconi said in an e-mailed statement. Italy ``loses a leading personality of the country's industrial life and the representative of a dynasty that did so much for the made-in- Italy brand around the world.''

Pininfarina was appointed CEO in 2001 and was a member of the board of Italy's biggest employers lobby, Confindustria.

He's survived by his wife Cristina Pellion di Persano and three children. He also was a board member at Finmeccanica SpA's Alenia Aeoronautica SpA unit and furniture-maker Poltrona Frau SpA.


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Old Post Aug-07-2008 17:14 
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Lira
Ancient BassAddict



Registered: Nov 2001
Location: Brasilia, Brazil
Re: sad and ironic... Pinifarina killed by a car

He collided with a Ford Fiesta!? Of all cars, a Fiesta? RIP...

I had a similar (and a lot less dramatic) event happen to me last week. A Renault Megane ran over my glasses (and Megane means glasses in Japanese, a language I teach).


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Old Post Aug-07-2008 17:18  Brazil
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Orbital32
Revolution



Registered: Jul 2004
Location: LaTa #32°

Lulz. One of the maker of the nicest cars out there, taken out by a piece of shit car. I'm sorry, but you have to see the funny factor there!

Old Post Aug-07-2008 17:19  United States
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Jackson
Supreme tranceaddict



Registered: Nov 2002
Location: t'North England

quote:
Originally posted by Orbital32
Lulz. One of the maker of the nicest cars out there, taken out by a piece of shit car. I'm sorry, but you have to see the funny factor there!


Fuck u I got an 05 Fiesta


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Old Post Aug-07-2008 17:25  England
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KiNeTiC ENeRgY
t3cHn0_43ad



Registered: Oct 2003
Location: Boca Raton

RIP

Old Post Aug-07-2008 17:33  United States
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basd
progression



Registered: Jul 2002
Location: Somewhere nowhere

Dude, that's whack.


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Old Post Aug-07-2008 17:39  Netherlands
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adi_hanson
feels a newbie.



Registered: Dec 2007
Location: Blackburn

i used to have a modified mark5 2000 w plate fiesta

and was a member of ukfiestanetwork.com


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Old Post Aug-07-2008 17:48  England
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bas
Stronger Lover



Registered: Jul 2004
Location: Here I Am Baby

That sucks


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Old Post Aug-07-2008 17:49  Egypt
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Lira
Ancient BassAddict



Registered: Nov 2001
Location: Brasilia, Brazil

quote:
Originally posted by Jackson
Fuck u I got an 05 Fiesta

Oh my god, you killed Pinifarina! You bastard






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Old Post Aug-07-2008 17:54  Brazil
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gehzumteufel
In your ass



Registered: Nov 2005
Location: so cal

quote:
Originally posted by Orbital32
Lulz. One of the maker of the nicest cars out there, taken out by a piece of shit car. I'm sorry, but you have to see the funny factor there!

The Fiesta of yore that you remember here in the states, is NOT the Fiesta of Europe. Totally different cars.

RIP


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Old Post Aug-07-2008 17:56  Russia
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denys envy
no scratch, no snatch...



Registered: Mar 2004
Location: falLAcy, CA

This is GM's treachery!

Old Post Aug-07-2008 17:57  Russia
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Pokit
Supreme tranceaddict



Registered: Apr 2005
Location: Salt Lake City, UT

A designer of such nice cars was riding a vespa...

Old Post Aug-07-2008 19:25  United States
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