Volvo, Pininfarina To End Joint Venture

Volvo, Pininfarina To End Joint Venture

Volvo has a history of getting into bed with Italian coachbuilders for some of its more exclusive models, first Bertone and then Pininfarina.

In 2003, Volvo and the latter launched a joint venture, to build the former company’s second generation C70 retractable hardtop/convertible at a dedicated factory in Uddevalla, Sweden.

However, that arrangement is now coming to an end; Volvo stating that it will assume full control of Pinnfarina’s Swedish operations in May 2013.

Research group JATO dynamics said sales of the C70 were down by some 1.7 percent last year, versus 2009; only 4,703 examples were sold for 2010.

[Source: Autoweek]