Italy to Produce Electric Cars for Paris

March 11, 2011
Pininfarina will rent out its plant to produce up to 4,000 electric cars destined for a low-cost car rental scheme in Paris.

Italian auto firm Pininfarina said last week that it will rent out its plant to produce up to 4,000 electric cars destined for a low-cost car rental scheme in Paris under a deal signed with Cecomp and Bollore.

The total value of the rent is 14 million euros (US$19 million) and the deal runs out at the end of 2013, Pininfarina said.

Paris's Autolib scheme is due to start in October.

Pininfarina, famous for designing Ferraris and Cadillacs, said the contract was signed on Wednesday and was "a preliminary binding agreement."

The cars would be produced at the company's plant in Bairo Canavese in northern Italy and would be based on Pininfarina's Bluecar design.

The Velib scheme is already a popular bike rental system in Paris.

Copyright Agence France-Presse, 2011

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!