Mahindra to shut Pininfarina Engineering as part of strategy to exit loss-making ventures

The decision to liquidate Pininfarina Engineering came after it incurred losses to the tune of € 150 million (Rs 1,340 crore, approx.) after two international projects fell through, one each with an Iranian and a Chinese company, Italian media reported.

from Auto-Industry-Economic Times https://ift.tt/349WURT