Feeds

Pininfarina woes hinder EV rollout?

B0 release delayed again, claims mole

New hybrid storage solutions

'Leccy Tech Back in November 2008, we reported that production of the the Pininfarina B0 – that's B 'zero', not B 'oh' – electric car had slipped from this year to a rather vague “late 2009/early 2010”.

Sad to say, it's starting look as though the status of the B0 has moved from 'Coming Soon' to 'Don't Hold Your Breath'.

Pininfarina B0

Pininfarina's B0: delayed again?

Pininfarina had been expected to show a production-ready running prototype - complete with Bolloré-developed drivetrain - at the Geneva Motor Show next month, but now, according to Reuters report citing a company mole, the Italian coach builder merely intends to polish up the styling concept it unveiled at the 2008 Paris Motor Show.

This suggests that the B0 is a lot further away from being a “runner” than the company had previously implied.

If the B0 release date slips any more, people are going to start talking seriously about nails and coffins as Pininfarina faces a number of other serious problems at the moment.

Firstly, it's up to its ears in debt and its share price has tanked.

In the last 12 months, the company's share price has dropped by more than 80 per cent, leaving it with a market cap of €24m (£21m/$30.8m) – a mere fraction of its €600m (£531m/$770m) debt. Under a deal agreed with the company's bankers in December 2008, the Pininfarina family will sell its 50.6 per cent stake in the business in an effort to reduce the debt by €180m (£159m/$230m) and has undertaken to replay the balance by 2015.

Pininfarina B0

Solar panels in the roof - but the future's not bright

Secondly, the drastic drop in worldwide car sales has led to it idling its three Italian production plants on a rotating basis.

It's also reasonable to assume that those juicy concept styling commissions are getting fewer and further between as the major car manufacturers focus on still being in business next month rather than dreaming up pie-in-the-sky visions of what the car of 2020 may – but probably won't - look like.

Doubts had already been raised about the company's long-term viability following the death of company CEO Andrea Pininfarina in a scooter accident near the company’s headquarters in Cambiano, Italy in August 2008. Add to that the no-show at Geneva of a model many regard as vital to the company's future and it all starts to look just a little grim. ®

Pininfarina B0 Picture Gallery

Secure remote control for conventional and virtual desktops

More from The Register

next story
Boffins say they've got Lithium batteries the wrong way around
Surprises at the nano-scale mean our ideas about how they charge could be all wrong
Thought that last dinosaur was BIG? This one's bloody ENORMOUS
Weighed several adult elephants, contend boffins
City hidden beneath England's Stonehenge had HUMAN ABATTOIR. And a pub
Boozed-up ancients drank beer before tearing corpses apart
'Duck face' selfie in SPAAAACE: Rosetta's snap with bird comet
Probe prepares to make first landing on fast-moving rock
Archaeologists and robots on hunt for more Antikythera pieces
How much of the world's oldest computer can they find?
LOHAN invites ENTIRE REG READERSHIP to New Mexico shindig
Well, those of you who back our Kickstarter tin-rattling...
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.