Bollore, Pinifarina Electric Car to Go On Sale Late 2008

Joint venture expects to lease-to-own electric cars for about EU500/month for terms of 3 to 4 years.

Published: 29-Jan-2008

S -- The electric car being developed by Bollore and Italy's Pininfarina will be sold on the internet as well as through a network of local distributors, from December 2008, Les Echos reported.

Bollore said in December it is creating a 50-50 joint venture with Pininfarina to develop a 100 pct electric car, to be marketed under the Pininfarina brand, with a total investment estimated at 150 mln eur.

Bollore boss Vincent Bollore told the paper the idea is for customers to be able to lease the cars, which will come in several different colours, for around 500 eur per month, eventually becoming owners after 3 or 4 years.

The paper said French users could claim a government grant of 5,000 eur of the total price of around 24,000 to buy the car.

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