France's Bollore and Pininfarina to Develop Electric Car

Pininfarina expects to be able to produce a maximum of 15,000 units per year, depending on demand.

Published: 26-Dec-2007

PARIS -- French financier Vincent Bollore is teaming up with Italian car designer and manufacturer Pininfarina to build an electric car in a project worth about 150 million euros (109 million pounds).

Bollore and Pininfarina will set up a joint venture with the aim to put a small, four-seater car on the market by the summer of 2009, according to a Friday statement from Bollore's holding company.

They will sell it under the Pininfarina brand, a first for the Italian company best known for designing and making cars for others such as Ford, Volvo and Fiat's Alfa Romeo.

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