Pininfarina develops two cars for Vietnamese carmaker VinFast

pinifarina vinfast
*Images for illustrative purpose only

Vietnamese carmaker VinFast Trading and Production Limited Company has finalized a contract with leading car designer Pininfarina for the development of two cars, an SUV and a sedan.

The two models to be developed by Pininfarina are the two most voted designs by
Vietnamese consumers in “VinFast car vote contest” launched in October, 2017. After unveiling 20 concept designs submitted by world-famous design houses including Pininfarina, Vinfast asked customers to vote which they thought were both “in line with world trends” and fitting with “Vietnamese tastes and demand”. Nearly 62,000 participants voted in the contest. The Sedan and SUV designs that collected the most votes were the two that Pininfarina will develop.

“The direct involvement of Pininfarina, one of the world’s biggest design brand, is expected to bring modern beauty while retaining Vietnamese identity to the first two VinFast car models”, said Mr. Quang Viet Nguyen, Vice President of Vingroup.

VinFast is likely to be the Country’s first car brand bringing the ambition to change automotive landscape in Vietnam. The target is to produce 500,000 vehicles in the country by 2025 and to launch the first car in September 2019.

ABOUT VINFAST

Vinfast is a member of Vingroup – one of the largest companies in Vietnam. The Company expects to initially produce between 100,000 and 200,000 Vinfast-branded vehicles per year, including five-seat sedans, seven-seat SUVs, and electric motorbikes. Vinfast has since taken several steps to prove it intends to take a serious hold on Vietnam’s car market, including the appointment of James B. DeLuca, a former executive vice president of General Motors, as its general manager. DeLuca will be charged with the construction, operation, and development of the SUV and sedan segments.

Source: Pininfarina

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Mahindra mulls turning Pininfarina into premium EV brand

SEOUL–India’s Mahindra Group plans to enter the U.S. and China, the world’s two biggest auto markets, with high-end electric vehicles to be made by its Italian auto-design affiliate Pininfarina SpA, the auto giant said.

pininfarina-h2-speed-concept-2016-geneva-motor-show_100562872_m
Pininfarina H2 speed Concept

“We’re exploring right now the potential of building an electric supercar, which will be branded Pininfarina. Certainly, we’re looking to sell it in the U.S.,” Anand Mahindra, chairman of the Mahindra Group, said in an interview.

Mahindra will also will look to enter China, the world’s No. 1 auto market and a good market for high-end performance cars, through Pininfarina, he said.

Mr. Mahindra is in Seoul for the 2017 Seoul Motor Show.

Mahindra Group, a conglomerate that makes airplanes, cars and tractors, acquired the Italian auto-design specialist in 2015 in a EUR25.5 million ($28.1 million) deal to boost its automotive credentials globally.

Best known for a historical relationship with Ferrari NV, Pininfarina’s designs have long been copied by other global auto makers.

Mr. Mahindra said the group aims to enhance its investments and presence in the U.S. largely through its South Korean auto unit, Ssangyong Motor Co.

“Competing in the U.S. is like the old Frank Sinatra song that if you can make it there, you can make it anywhere,” he said. “So when you sell cars in the U.S., it forces you to be the most competitive.”

He said the auto group would “double its bets” in the U.S. but declined to reveal specific amounts.

Global auto makers have announced increased investments in the U.S. as President Donald Trump is raising demands that more goods be made in America.

“President Donald Trump’s policies are not global, but inward looking,” Mr. Mahindra said. Still, he said, Mr. Trump’s promises will help the American economy strengthen.

Hyundai Motor Co. said in January that it would invest up to $3.1 billion in its U.S. manufacturing facilities and that it is considering building a new plant there, joining other auto makers in highlighting investment plans after Trump criticized the industry.

Ssangyong Motor Chief Executive Choi Johng-sik said Thursday that the company is preparing for a U.S. entry but that it would take at least three years to complete its decision.

More immediately, Mr. Choi said, Ssangyong is considering expanding its presence in China by building a manufacturing plant in the world’s largest market and localizing its products there.

He said the company would complete a decision on that by the end of the first half.

Ssangyong, which specializes in sport-utility vehicles, signed an initial agreement with China’s Shaanxi Autombile Group Co. in October to start a joint venture.

Shaanxi Automobile is China’s fourth-largest maker of heavy-duty trucks by output.

Mahindra To Challenge Tesla With Pininfarina Based Electric Supercar

Mahindra, with the help of the Italian designer, plans to launch a Pininfarina based electric supercar to rival Tesla in the top-end electric car segment. Pininfarina, will also work in tandem with Mahindra for the company’s products. The Italian studio designed the Ferrari 458 supercar Mahindra’s recent amelioration in various fronts have catapulted its status…

via Mahindra To Challenge Tesla With Pininfarina Based Electric Supercar — MotorBeam